08:07 AM EDT, 10/21/2025 (MT Newswires) -- Walker & Dunlop ( WD ) said Tuesday that it has arranged $40.5 million in debt and equity for the construction loan of The Highlands, a 137-unit development for seniors in Hyattsville, Maryland.

The terms for the refinancing were arranged on behalf of Community Housing Initiative, which is partnering with First Baptist Church of Highland Park to build the senior project, the company said.

Walker & Dunlop ( WD ) said it also syndicated a $12.3 million 4% low-income housing tax credit equity investment with United Bank.

WD shares were up 3.5% in premarket activity.