Multifamily
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Walker & Dunlop Facilitates Sale and Financing for Cambridge Apartment Building
Cambridge’s Central Square sees a significant multifamily investment with the $53.6 million sale and financing of 929 MASS. Walker & Dunlop Capital Markets facilitated the transaction, with John M. Corcoran & Company and Stars REI acquiring the mixed-use property. JMC secured $37.1 million in Fannie Mae financing. The 127-unit property with commercial space is slated for renovations, capitalizing on Cambridge’s strong market driven by intellectual capital and proximity to major institutions.
