Walker & Dunlop Facilitates $135.3M HUD Loans For Rhode Island Multifamily Portfolio

The Multifamily Portfolio in Cranston & Warwick, RI, owned by Kelly MacArthur Coates of Carpionato Group, was the subject of a loan transaction amounting to $135,323,400 facilitated by Chris Rumul of Walker & Dunlop. The loan involved six Rhode Island multifamily properties and was completed between October 2023 and February 2024, with the assistance of the U.S. Department of Housing and Urban Development (HUD).

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $135,323,400
• Address: Multifamily Portfolio
• Market: Cranston & Warwick, RI
• Landlord: Kelly MacArthur Coates - Carpionato Group
• Broker: Chris Rumul - Walker & Dunlop

Walker & Dunlop, in collaboration with HUD, played a significant role in securing the substantial loan amount for the multifamily properties, showcasing their expertise in facilitating real estate financing transactions. Chris Rumul's representation of the deal exemplifies the importance of key individuals and companies in successful property transactions, emphasizing the vital roles they play in the real estate market.