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Walker & Dunlop Arranges Chula Vista Refi for Barings
Walker & Dunlop has arranged a $66-million refinance for Boardwalk at Millenia, a 309-unit apartment community in Chula Vista. The W&D New York Capital Markets team led by Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Mo Beler, Michael Ianno and William Herring arranged the transaction on behalf of the client, Barings Core Property Fund, and identified the lender as Kohlberg Kravis Roberts & Co., LP.
Located at located at 1660 Metro Ave., Boardwalk at Millenia is a Class A luxury apartment complex constructed in 2018. The property features a variety of amenities, including a resort-style pool and spa, outdoor fireplaces and lounges, a cutting-edge fitness studio, a children’s play area, and co-working spaces with private conference rooms.
In 2019, Barings purchased the property from Trammell Crow Residential and recently secured this new financing, a five-year floating rate loan, to refinance the previous debt.
- ◦Financing




