Walker & Dunlop, Inc. and Pretium have formed $250 million strategic joint venture designed to fill a crucial financing gap for affordable multifamily housing.
Walker & Dunlop Affordable Bridge Capital, a joint venture with Pretium will originate flexible, short-term first-mortgage bridge loans for properties that are being acquired, refinanced, or prepared for long-term government-affordable programs such as LIHTC, Section 8, or tax-exempt bonds.
“This joint venture combines our deep affordable housing expertise with Pretium’s capital strength and highly experienced multifamily team, giving clients the ability to act quickly in competitive markets,” said Sheri Thompson, executive vice president and head of affordable housing at Walker & Dunlop. “It is a powerful new tool that offers flexible, interest-only bridge financing with loan sizes ranging from $10 million to $75 million and terms between 6 months and 36 months. It is an impact-driven platfo
