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Walker & Dunlop Arranges $146M Refi on Yorba Linda Apartments
Walker & Dunlop, Inc. said Monday it arranged $145,750,000 in first mortgage and preferred equity to refinance Bryant at Yorba Linda, a 400-unit multifamily community. Chris Botsford and Jeff Burns of Walker & Dunlop Capital Markets arranged a senior mortgage loan for Interstate Equities Corporation (IEC).
The loan features a five-year term, fixed rate and full-term interest-only payments. Freddie Mac provided the capital. Walker & Dunlop Capital Markets’ Justin Nelson and PJ Feichtmeier secured preferred equity capital from a leading institutional owner and operator of multifamily communities on behalf of IEC.
“By layering preferred equity on top of a Freddie Mac loan, we were able to deliver the most effective capital strategy,” said Botsford, managing director. “This transaction reflects the ongoing strength of the five-year fixed-rate agency loan market and underscores that clients continue to prioritize five-year fixed-rate paper in the current interest rate environment, with agencies serving as a reliable and strategic source of capital.”
- ◦Financing





