City of Westwood Special Meeting Agenda Packet May 2025
Walker & Dunlop Assumes Lending Role in Woodside Refinance
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Description
City of Westwood approved an Estoppel Certificate with Walker & Dunlop, LLC as part of refinancing the Woodside Village North redevelopment, confirming lender assignments and legal status of the financing agreements.
Contract Details
Vendor
WALKER & DUNLOP LLC
Agency
City of Westwood, KS
Contract Type
FINANCIAL_SERVICES
Document Date
May 29, 2025
Contract Term
Lender on property refinancing as of May 2025; security interest through term of loan, TIF and CID expire 2033
Renewal Date
2033-12-31
Renewal Info
Security interest and assignment run through the life of the loan. TIF and CID revenue streams supporting the project expire in 2033. Securitized by Freddie Mac following refinancing.
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