Walker & Dunlop Inc. provided a $74,746,000 Fannie Mae loan for the refinancing of Fairways Country Club, an Orlando-based five-star manufactured housing community for seniors aged 55 and above.

Walker & Dunlop's Will Baker, William Shell and Doug McDaniel led the team in arranging a 10-year, fixed-rate loan for their longstanding client, Hometown America LLC. Drawing on their deep understanding of Fannie Mae's programs, they leveraged the enterprise’s Fannie Mae's Streamlined Rate Lock option to lock the rate shortly after receiving the application and close within 23 days.

[caption id="attachment_7685" align="alignleft" width="150"] Fairways of Orlando[/caption]

In addition to its top-notch amenities, the property has a strong operating history, with occupancy levels above 97.2 percent since 2008. The senior housing community has experienced rent growth of at least 3.5 percent annually, and it is positioned in an area where demographics continue to strengthen demand for high-quality MHC properties.

"Will Baker and the Walker & Dunlop team have been a trusted partner of Hometown America for more than 10 years due to their strong relationship with Fannie and Freddie and their expertise in the MHC asset class," said Doug Minahan, vice president of Hometown America. "Similar to our experience when they refinanced the existing loan on Fairways Country Club in 2008, Will and his team once again delivered terms as promised in an expedited fashion, going from signed application to closing in less than 30 days."

"Manufactured housing communities are consistently some of the best performing assets in our portfolio, and Fairways is no exception," said Mr. Baker.