Walker & Dunlop Secures $76.9M in Refinancing for 962-Unit Multifamily Portfolio in Texas

by Taylor Williams

GRAND PRAIRIE AND KATY, TEXAS — Walker & Dunlop has secured $76.9 million in refinancing for a portfolio of three multifamily properties totaling 962 units in Grand Prairie and Katy. The refinancing package includes $28 million for Stone Lake Apartment Homes in Grand Prairie; $26.4 million for Cornerstone Ranch in Katy; and $22.5 million for Ashley House in Katy. Doug Hart of Walker & Dunlop led the origination team in securing the Fannie Mae loans, all of which have fixed interest rates, 10-year terms and 30-year amortization periods.

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