Walker & Dunlop Arranges $223M in Bridge Financing for Southeast Multifamily Portfolio

BETHESDA, MD. — Walker & Dunlop has arranged $223 million in bridge financing for five multifamily properties in North Carolina, South Carolina and Florida totaling 1,345 units. Walker Layne, Austin Sneed and Tyler Evenson of Walker & Dunlop secured the loans through multiple undisclosed debt funds. The borrower was Madison Capital Group.

The portfolio includes:

• The Caroline in Indian Land, S.C.
• Madison Shores in Pensacola, Fla. 
• Madison at Ashley Park in Charlotte, N.C.
• Madison Wakefield in Raleigh, N.C.
• Madison Fountains in St. Johns, Fla.