Logos Development, under the leadership of Pastor Martin Porter, engaged Walker & Dunlop as its 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 2,000 affordable housing units that are currently in various stages of being entitled and permitted._x000D_
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As part of this engagement, Walker & Dunlop is assisting Logos Development in identifying, structuring and negotiating the necessary debt and equity capital to ensure the successful development of these properties._x000D_
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“We are thrilled to be exclusively engaged with Walker & Dunlop,” Pastor Porter, managing partner of Logos Development, said. “Their expertise and proven record are invaluable. We want to only collaborate and partner with the best in the industry.”_x000D_
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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._x000D_
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“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,” Montes said. “They are both innovative and impactful in all that they are doing.”
Forward for Specialty Finance
