Walker & Dunlop Archives - REBusinessOnline

Walker & Dunlop Arranges $163.4M Loan for Refinancing of Manhattan Office Building

Taylor Williams — Thu, 18 Dec 2025 14:35:32 +0000

NEW YORK CITY — Walker & Dunlop has arranged a $163.4 million loan for the refinancing of 122 Fifth Avenue, a 278,000-square-foot office building in Manhattan’s Flatiron District. Microsoft and Chime anchor the building, which recently underwent a $107 million capital improvement program, under long-term leases. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Jordan Casella, Christopher de Raet and Jack Krentzman of Walker & Dunlop arranged the fixed-rate, interest-only financing through Helaba Bank and Deka-Bank. The borrower is Bromley Cos.

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Walker & Dunlop Arranges $250M in Financing for Newark Multifamily Project

Taylor Williams — Tue, 09 Dec 2025 15:32:48 +0000

NEWARK, N.J. — Walker & Dunlop has arranged a $250 million financing package for 22 Fulton Street, a multifamily project that will be located within a Qualified Opportunity Zone in Newark’s Military Park neighborhood. The package consists of nearly $119 million in financing that comprises a construction loan, 4 percent Low-Income Housing Tax Credit (LIHTC) equity and LIHTC bridge loan that was provided by the Urban Investment Group at Goldman Sachs Alternatives. The package also includes $20 million in preferred equity and a $100 million forward commitment for a permanent loan, both of which were provided by undisclosed institutional lenders. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella, Michael Ianno and Jackson Irwin of Walker & Dunlop arranged the financing on behalf of the borrower and developer, a partnership between SK Development and Berger Organization. The 21-story building will have 396 units, 20 percent of which (80 residences) will be reserved for households earning 60 percent or less of the area median income, as well as 4,700 square feet of retail space. Units will come in studio, one- and two-bedroom floor plans. Construction is expected to commence in the coming months and to be complete in 2028.

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Foxfield Sells 45-Unit Apartment Building in Beverly, Massachusetts

Taylor Williams — Mon, 08 Dec 2025 14:57:20 +0000

BEVERLY, MASS. — Locally based investment firm Foxfield has sold 50 Broadway, a 45-unit apartment building in Beverly, located northeast of Boston. According to Apartments.com, the building exclusively offers studio apartments with an average size of 421 square feet, as well as outdoor grilling and dining stations and onsite laundry facilities. Kevin Gleason and Henry Smith of Walker & Dunlop brokered the sale. The buyer and sales price were not disclosed. Foxfield acquired the building in 2021 in partnership with Taymil Partners.

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Walker & Dunlop Brokers Sale of 276-Bed Student Housing Community Near Texas Tech University

Taylor Williams — Tue, 02 Dec 2025 15:40:53 +0000

LUBBOCK, TEXAS — Walker & Dunlop has brokered the sale of Raiders Walk, a 276-bed student housing community located adjacent to the Texas Tech University campus in Lubbock. Developed in 1975, the community offers 196 units in one- and two-bedroom configurations. Shared amenities include two pools, a fitness center and a clubroom. Chris Epp, Craig Miller, Matthew Chase, Holden Penn, Ben Sarna, Sarah Foronda and Naomi Bludworth of Walker & Dunlop represented the seller, Capstone Real Estate Investments, in the transaction. The buyer was PTLA Real Estate Group.

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Walker & Dunlop Arranges $42M Refinancing for Luxury Apartment Community in Suburban Nashville

Abby Cox — Tue, 04 Nov 2025 15:42:30 +0000

WHITE HOUSE, TENN. — Walker & Dunlop has arranged a $42 million bridge loan for the refinancing of The Mill at White House, a 216-unit luxury apartment complex located in White House, a suburb of Nashville. Jeremy Pino, Livingston Hessam, Keith Melton, David Strange, Carl Passmore and Kyle Miller of Walker & Dunlop’s Capital Markets team arranged the financing through an unnamed institutional lender. The team previously refinanced the construction debt in 2022 on behalf of the borrower, RFM Development Co. Completed in 2024, The Mill at Whitehouse offers one-, two- and three-bedroom floorplans, ranging in size from 769 to 1,385 square feet, according to Apartments.com. Rental rates begin at $1,465. Amenities at the property include a swimming pool, fitness center, children’s playground, clubhouse, business center, pet play area and a grill.

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Walker & Dunlop Arranges $45M Bridge Loan for Industrial Property in Valley Cottage, New York

Taylor Williams — Thu, 30 Oct 2025 13:44:34 +0000

VALLEY COTTAGE, N.Y. — Walker & Dunlop has arranged a $45 million bridge loan for the refinancing of Lincoln Logistics Center, a roughly 220,000-square-foot industrial property in Valley Cottage, about 30 miles north of New York City. The facility sits on a nearly 20-acre site and features a clear height of 36 feet, 34 loading dock doors, two drive-in doors and 123 car parking spaces foot clear heights. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Ari Hirt and Stanley Cayre of Walker & Dunlop arranged the loan on behalf of the owner, a joint venture between PCCP LLC and Lincoln Equities Group. Rialto Capital Management provided the financing.

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Walker & Dunlop Secures $40.5M Construction Financing for Affordable Seniors Development in Metro D.C.

John Nelson — Tue, 21 Oct 2025 14:44:02 +0000

HYATTSVILLE, MD. — Walker & Dunlop has secured $40.5 million in debt and equity for the construction of The Highlands, an affordable seniors housing development in Hyattsville, about seven miles east of downtown Washington, D.C. The borrower is a partnership between Community Housing Initiative Inc. and First Baptist Church of Highland Park. P.J. McDevitt of Walker & Dunlop originated the debt, which comprised an unfunded forward Freddie Mac TEL that Walker & Dunlop will service. The permanent loan is structured as a 30-month forward commitment with a 15-year term and 40-year amortization schedule. Macy Kisilinsky of Walker & Dunlop arranged the debt placement and equity syndication, a $12.3 million 4 percent LIHTC equity investment with United Bank. Prince George’s County Housing Investment Trust Fund and the Maryland Department of Housing and Community Development will provide additional subordinate financing. Situated on the First Baptist Church of Highland Park campus, The Highlands will feature one- and two-bedroom apartments that will be restricted to tenants age 62 and older. Five units will be reserved for households at 50 percent of the area median income (AMI) while the remaining 132 units will be restricted at 60 percent of AMI. Planned amenities include a dog…

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Walker & Dunlop Brokers Sale of 769-Bed Student Housing Property Near Texas A&M University

Taylor Williams — Fri, 10 Oct 2025 15:44:20 +0000

COLLEGE STATION, TEXAS — Walker & Dunlop has brokered the sale of The Woodlands of College Station, a 769-bed student housing property located near the Texas A&M University campus in College Station. Completed in 2006, the community offers 276 units and amenities such as a pool, fitness center, basketball and volleyball courts, study lounges and shuttle service to campus. Chris Epp, Matthew Chase, Craig Miller, Holden Penn, Ben Sarna, Sarah Foronda, Naomi Bludworth, Will Baker, William Shell, Jonathan Schwartz, Michael Ianno, Sean Reimer, Mike Shropshire and Doug McDaniel of Walker & Dunlop represented the seller, Interwest Capital, in the transaction. Walker & Dunlop also arranged an undisclosed amount of acquisition financing on behalf of the undisclosed buyer.

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Walker & Dunlop Provides $47.8M Agency Loan for Mason Stuart Apartments in Southeast Florida

John Nelson — Thu, 09 Oct 2025 14:56:06 +0000

STUART, FLA. — Walker & Dunlop has provided a $47.8 million Fannie Mae loan for the acquisition of Mason Stuart, a 270-unit apartment community located at 4585 S.E. Federal Highway in Stuart, a city in Southeast Florida’s Martin County. The borrower was Raia Capital Management. Craig West of Walker & Dunlop originated the fixed-rate, interest-only loan. Built in 2023, Mason Stuart features a mix of one-, two- and three-bedroom units, as well as a resort-style pool area, 24-hour fitness center with a yoga and spin room, an outdoor gathering pavilion, fenced dog park and multi-purpose walking trails.

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Walker & Dunlop Arranges Sale, Acquisition Financing for Metro Atlanta Apartment Communities Totaling 707 Units

Taylor Williams — Mon, 29 Sep 2025 11:42:00 +0000

BUFORD AND KENNESAW, GA. — Walker & Dunlop (NYSE: WD) has arranged the sale of and provided Freddie Mac acquisition financing for Town Laurel Crossing and Manor Barrett, two apartment communities in the metro Atlanta area totaling 707 units. The transactions represent a total of $352.8 million in capital movement and placement. The name of the borrower, a private multifamily owner-operator, was not disclosed. Both properties are currently listed under rebranded names on the website of Denver-based Mission Rock Residential, which provides third-party management services for the assets. The properties were both built in 2024. Chris Goldsmith, Telly Fathaly and Cameron Dunn of Walker & Dunlop represented the seller, Related Group, in both transactions. Mary Stuart Hurst and Fletcher Dunn of Walker & Dunlop led the debt origination efforts on behalf of the new owner. Town Laurel Crossing is a 360-unit community located within the Exchange at Gwinnett shopping district in Buford, a northeastern suburb of Atlanta. According to Apartments.com, the property offers one-, two- and three-bedroom units that range in size from 752 to 1,550 square feet. Amenities include a pool, fitness center, lounge, clubhouse, dog park and outdoor grilling and dining stations. Manor Barrett is a 347-unit community…

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Western Wealth Capital Buys 97-Unit Multifamily Property in Euless, Texas

Taylor Williams — Fri, 26 Sep 2025 15:10:47 +0000

EULESS, TEXAS — Canadian investment firm Western Wealth Capital (WWC), which also has an office in Phoenix, has purchased Park Place Townhomes, a 97-unit multifamily asset located near DFW International Airport in Euless. The property was built in 1980 and has an average unit size of 1,116 square feet. WWC partnered with StepStone Group on the deal, which involved the assumption of the existing mortgage. Brian Murphy of Newmark brokered the sale. Katie Runyan of Walker & Dunlop handled the loan assumption.

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Walker & Dunlop Secures Refinancing for 240-Unit Apartment Community in Durham

John Nelson — Thu, 25 Sep 2025 11:31:01 +0000

DURHAM, N.C. — Walker & Dunlop has secured the refinancing of Plat 4 at Research Triangle, a 240-unit apartment community located at 5510 Primary Drive in Durham. Sean Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Michael Ianno and Stanley Cayre of Walker & Dunlop’s New York City office arranged the floating-rate, interest-only loans through ACRE on behalf of the borrower, Buckingham Cos. The financing of Plat 4 at Research Triangle was executed in tandem with the refinancing of Buckingham’s Plat 10 at the Ranch in Loveland, Colo., with both transactions totaling $110 million. Built in 2023, Plat 4 offers a mix of studio, one-, two- and three-bedroom residences, as well as a pool, fitness center, lounge, car care center and a dog park.

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Walker & Dunlop Arranges $220M Loan for Refinancing of Jersey City Apartment Building

Taylor Williams — Tue, 16 Sep 2025 14:39:40 +0000

JERSEY CITY, N.J. — Walker & Dunlop has arranged a $220 million bridge loan for the refinancing of 626 Newark, a 576-unit apartment building in Jersey City. The newly built, 27-story building is located in the city’s Jersey Square neighborhood and includes 27,662 square feet of commercial space. According to Apartments.com, units come in studio, one- and two-bedroom floor plans, and amenities include a fitness center, arcade, bowling alley, music studio and a golf simulator. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet and Edward Leboyer of Walker & Dunlop arranged the loan through TYKO Capital on behalf of the borrower, Namdar Group. SCALE Lending provided the original $160 million construction loan for the property in early 2024.

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Walker & Dunlop Arranges Sale of 576-Bed Student Housing Community Near Appalachian State University

John Nelson — Tue, 16 Sep 2025 14:36:27 +0000

BOONE, N.C. — Walker & Dunlop has arranged the sale of Mountaineer Village, a 576-bed student housing community located near the Appalachian State University campus in Boone. Chris Epp, Matthew Chase, Craig Miller, Holden Penn, Ben Sarna, Sarah Foronda and Naomi Bludworth of Walker & Dunlop represented the seller, a joint venture between Coastal Ridge Real Estate and Heitman, in the disposition. The buyer and terms of the transaction were not released. Mountaineer Village offers three-bedroom units with bed-to-bath parity. Shared amenities include a study lounge, fitness center, resort-style pool, business center, basketball court, barbecue area, game room, sand volleyball court, pickleball courts and a fire pit.

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Walker & Dunlop Arranges $75M Refinancing for Society at Laurens Apartments in Downtown Charleston

John Nelson — Tue, 26 Aug 2025 13:58:59 +0000

CHARLESTON, S.C. — Walker & Dunlop has arranged a $75 million loan for the refinancing of Society at Laurens, a newly built, 148-unit luxury apartment community located at 31 Laurens St. in Charleston’s historic downtown district. Walker Layne, Matt Wallach and Stephen West led the Walker & Dunlop team that arranged the three-year loan through Aareal Capital on behalf of the borrower, Southern Land Co. The Society at Laurens features studio, one-, two- and three-bedroom apartments, as well as a heated saltwater pool and spa situated on a second-floor deck with views of Charleston Harbor. Other amenities include a high-end fitness center, controlled-access parking and package lockers with 24/7 access.

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Walker & Dunlop Brokers Sale of 553-Bed Student Housing Property Near Texas State University

Taylor Williams — Thu, 21 Aug 2025 14:04:06 +0000

SAN MARCOS, TEXAS — Walker & Dunlop has brokered the sale of The Edge, a 553-bed student housing property located near the Texas State University campus in San Marcos. The community offers 173 units in a mix of one-, two-, three-, four- and five-bedroom configurations. Shared amenities include a 24-hour fitness center, study rooms, a gaming room, resort-style pool, basketball and volleyball courts and a dog park. Chris Epp, Matthew Chase, Craig Miller, Holden Penn, Ben Sarna and Sarah Foronda of Walker & Dunlop represented the seller, 29th Street Capital, in the transaction. Campus Realty Advisors acquired the property for an undisclosed price. BWE arranged acquisition financing for the deal.

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Lone Star Sells Mixed-Use Lofts at Reynolds Village in Asheville, North Carolina

John Nelson — Wed, 20 Aug 2025 14:58:16 +0000

ASHEVILLE, N.C. — An affiliate of Lone Star Funds has sold The Lofts at Reynolds Village, a mixed-use development located at 61 N. Merrimon Ave. in Asheville. The property includes 201 apartments and 63,000 square feet of ground-level retail space. Baltimore-based Continental Realty Corp. is purchasing the property from Lone Star Real Estate Fund VI LP for an undisclosed price. Walker & Dunlop represented Lone Star, which structured the deal as a sale of REIT stock, in the transaction. Built in 2010, The Lofts at Reynolds Village features one-, two- and three-bedroom apartments, as well as a pool, onsite property manager, business center, lounge, sauna and a spa, according to Apartments.com.

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Gelt Venture Partners Buys 92-Unit Multifamily Community in National City, California

Amy Works — Thu, 07 Aug 2025 13:44:46 +0000

NATIONAL CITY, CALIF. — Gelt Venture Partners has acquired The Commodore, an apartment property located at 200-250 E. 31st St. in National City, for $40 million. Built in 2024, The Commodore comprises six three-story buildings offering a total of 92 studio, one- and two-bedroom floor plans with select units featuring two-story and loft-style layouts. At the time of sale, the property was 96 percent occupied. Units feature in-unit washers/dryers, quartz countertops, designer tile backsplashes, wood-style plank flooring, European-style cabinetry, stainless steel appliances and private balconies. Community amenities include a resort-style pool and spa, clubhouse, an outdoor lounge with fire pit, barbecue areas, electric vehicle charging stations, detached garages and an onsite leasing office. Hunter Combs of Walker & Dunlop represented the buyer and undisclosed seller in the deal.

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Reynolds Obtains $23.2M Agency Refinancing for Apartment Community in Bossier City, Louisiana

John Nelson — Thu, 07 Aug 2025 12:31:00 +0000

BOSSIER CITY, LA. — New Jersey-based investment firms Reynolds Asset Management has obtained a $23.2 million Fannie Mae loan for the refinancing of Preston Place, a 272-unit apartment community located at 400 Preston Blvd. in Bossier City, a suburb of Shreveport, La. Allan Edelson of Walker & Dunlop arranged the financing. Devli Real Estate is a joint venture partner of Reynolds for Preston Place. Reynolds acquired Preston Place in 2023 for $23.7 million, and renovations began immediately after the acquisition. Originally constructed in 1985, Preston Place sits on eight acres and comprises a mix of 133 one-bedroom apartments, 138 two-bedroom apartments and one three-bedroom apartment.

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Walker & Dunlop Arranges $105M Refinancing for 805 Lea Apartments in Downtown Nashville

John Nelson — Tue, 05 Aug 2025 14:31:42 +0000

NASHVILLE, TENN. — Walker & Dunlop has arranged a $105 million loan for the refinancing of 805 Lea, a 356-unit apartment tower in downtown Nashville. Built in 2021, the property features 10,203 square feet of ground-floor retail space across three suites. Amenities include a 24-hour concierge services, 29th floor sky lounge, saltwater swimming pool, fitness center and two outdoor fire pits. Stephen Farnsworth led the Walker & Dunlop team that arranged the three-year loan through Nuveen on behalf of the borrower, Key Real Estate Co. The loan features two optional 12-month extensions.

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