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California  + Orange County  + Apartments  | 

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.”

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Walker & Dunlop's Botsford

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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