Walker & Dunlop, Inc. announced today that it has facilitated a $ 156 million sale and $ 91,260,000 financing of Volta in Pine, a 271-first, 1,300-square-foot building of ground-floor retail space in the heart of Downtown Long Beach, California. The history of aviation communications since the days of Amelia Earhart’s invention in the 1920s, Long Beach is now known as “Space Beach” and is fast becoming an example of the aerospace industry. Startups including Spin Launch, Rocket Lab, and Relativity Space have chosen the site as their headquarters from 2019, providing a strong job market in Long Beach.

Volta on Pine will benefit from the recent growth of Long Beach’s job market and will give travel tenants access to approximately 950,000 jobs offered in Long Beach, Beach Cities, Downtown LA, and Irvine. Launched in early 2021, the property is a joint venture between North American Sekisui House (“NASH”) Holland JV and MVE + Partners Architects, both of which own many together in the western emerging markets.

Walker & Dunlop’s Blake A. Rogers, Alexandra Caniglia, Kevin Sheehan, Hunter Combs, and Javier Rivera represented the client, Holland Partner Group and NASH and in providing the client, Gelt, Inc. Mark Grace, John Montakab, and Trevor Fase arranged the funding of Nuveen on behalf of Gelt.

The Volta on Pine is conveniently located in the heart of Downtown Long Beach, offering residents access to shopping, world-class restaurants, breweries, and a variety of shops. Local events also include the Pacific Aquarium, Long Beach Convention & Entertainment Center, Long Beach Jazz Festival, Museum of Latin American Art (MOLAA), Lions Lighthouse, and Long Beach Grand. Attractive uses of the property include a rooftop terrace with views of the ocean and barbecue areas, board rooms, state-of-the-art health center.24-hour, lounge, swimming pool, and spa. The apartments have best-in-class amenities, including kitchen cabinets with metal appliances, quartz tables, fitted bathrooms, and spacious bedrooms.

Walker & Dunlop is a leader in multi-family real estate, making $ 10 billion in volume from the first to the third quarters of 2021, more than 203% over the same period last year 2020. With a total of 17 transactions by 2021. The company was also the largest provider of capital to the market of most households in the United States, from $ 31 billion in trade and credit to $ 24 billion for the assets of most households by 2020.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is the largest firm to provide capital to many home businesses in the United States and the fourth-largest brokerage in all commercial real estate including factories, offices, shops, and hospitality. Walker & Dunlop enables landowners and organizations to visualize the communities – where Americans live, work, shop, and play – in life. The strength of our people, first impressions, and industry-leading technology make us better understood and valued by our customers, providing unparalleled experience every step of the way.

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