Share this article Share this article BETHESDA, Md., May 24, 2021 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it has arranged both debt and equity financing for the acquisition of The Bungalows on Pine Cliff, a build-for-rent (BFR) housing development located in Flagstaff, Arizona. This structured transaction includes $37,600,000 in bridge financing as well as a joint venture partnership. The Bungalows on Pine Cliff Walker & Dunlop's dedicated BFR team was led by Heather McClure. Ms. McClure and her team advised St. Clair Holdings, in identifying a joint venture partner to provide both funds and support as they execute their business plan. Leveraging their broad network of capital providers, the team identified New York City-based Dome Equities as the ideal capital partner for St. Clair Holdings. The partnership is expected to develop into a programmatic raise with multiple BFR developments throughout Arizona. Dave Hendrickson and Pat Modig, of Walker & Dunlop's Capital Markets group, initially identified the opportunity and collaborated with the firm's BFR and structured finance teams to provide the full capital solution.