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Walker & Dunlop Closes $8.8M in Refinancing for 122-Unit Multifamily Asset in Austin

The SOCO Apartments in Austin totals 122 units.

The SOCO Apartments in Austin totals 122 units.

AUSTIN, TEXAS — Walker & Dunlop has closed an $8.8 million loan for the refinancing of SOCO Apartments, a 122-unit, garden-style multifamily community located at 6300 S. Congress Ave. in Austin. The 103,568-square-foot, Class A property consists of one-, two- and three-bedroom apartments that are 95 percent occupied. Stuart Wernick of Walker & Dunlop led the loan placement team.

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