Logos Development, under the leadership of Pastor Martin Porter, is pleased to announce the
engagement of Walker & Dunlop as their exclusive financial
advisor for the capitalization of affordable housing projects on
church owned land in partnership with LOGOS Development throughout
urban neighborhoods on the West Coast. This strategic collaboration
aims to secure $400 million in debt
and equity capital to develop over 2000+ affordable housing units
that are currently in various stages of being entitled and
permitted.
LOS
ANGELES, Aug. 24, 2024 /PRNewswire-PRWeb/ -- Logos
Development, under the leadership of Pastor Martin Porter, is pleased to announce the
engagement of Walker & Dunlop as their exclusive financial
advisor for the capitalization of affordable housing projects on
church owned land in partnership with LOGOS Development throughout
urban neighborhoods on the West Coast. This strategic collaboration
aims to secure $400 million in debt
and equity capital to develop over 2000+ affordable housing units
that are currently in various stages of being entitled and
permitted.
"We are thrilled to be exclusively engaged
with Walker & Dunlop," said Pastor Porter, Managing Partner of
Logos Development. "Their expertise and proven record are
invaluable. We want to only collaborate and partner with the best
in the industry."
This collaboration between the two organizations involves the
development of mixed-income projects including Workforce,
Affordable and Social Impact housing in underserved areas with a
strong need for affordable housing units.
As part of this engagement, Walker & Dunlop is assisting
Logos Development identify, structure, and negotiate the necessary
debt and equity capital to ensure the successful development of
these properties.
"We are thrilled to be exclusively engaged with Walker &
Dunlop," said Pastor Porter, Managing Partner of Logos Development.
"Their expertise and proven record are invaluable. We want to only
collaborate and partner with the best in the industry."
Walker & Dunlop's team is being led by Chris Montes, a Los
Angeles based Mortgage Banker with over 12 years of
experience in the commercial banking industry. "Logos Development
has a very unique business model. They are community based and
their collaboration with various churches, denominations, and
non-profits give them a competitive edge on land site control over
many properties, with a low cost to build and most importantly on
making a meaningful impact for those who need it most." said
Chris Montes, Senior Director of
Real Estate Finance at Walker & Dunlop. "They are both
innovative and impactful in all that they are doing."
The exclusive engagement underscores Logos Development's mission
to re-envision, reimagine, and repurpose church land to build
vibrant, equitable communities.
About Logos Faith Development LLC
Logos Development is a Los
Angeles-based real estate development firm dedicated to
creating sustainable, inclusive communities. Led by Pastor
Martin Porter, the company focuses
on mixed-income housing developments that provide quality living
spaces while fostering community growth and development.
About Walker & Dunlop:
Walker & Dunlop (NYSE: WD) is one of the largest commercial
real estate finance and advisory services firms in the United States. Our ideas and capital
create communities where people live, work, shop, and play. The
diversity of our people, breadth of our brand and technological
capabilities make us one of the most insightful and client-focused
firms in the commercial real estate industry.
Media Contact:
Nia Dillard (Team Coordinator)
Email: nia@logosfaithdev.com
Website: https://www.logosfaithdevelopment.com/
Media Contact
Nia Dillard, Logos Faith
Development LLC, 1 310-465-8001, nia@logosfaithdev.com,
https://www.logosfaithdevelopment.com/
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SOURCE Logos Faith Development LLC