Walker & Dunlop Arranges $24.5 Million Financing for 390-Bed Community Near Auburn University

Two21 Armstrong, located near Auburn University in Alabama, offers shared amenities including a swimming pool. (Image courtesy of two21armstrong.com) Two21 Armstrong, located near Auburn University in Alabama, offers shared amenities including a swimming pool. (Image courtesy of two21armstrong.com)

Auburn, Ala. — Walker & Dunlop has arranged $24.5 million in financing for Two21 Armstrong, a student housing community located adjacent to Auburn University in Alabama.

Livingston Hessam, Jeremy Pino, Kyle Miller, Keith Melton and David Strange of Walker & Dunlop secured the loan on behalf of the undisclosed borrower. An undisclosed life insurance company provided the financing. The property offers one-, two- and three-bedroom, apartment- and townhome-style units with bed-to-bath parity. Shared amenities include a clubhouse, community bicycles, a fitness center, swimming pool, grilling stations, outdoor fitness equipment and a coffee bar. 

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