Walker & Dunlop has arranged $96.7 million in total financing to recapitalize three newly constructed multifamily communities totaling 640 units in Louisville, Kentucky.

Walker & Dunlop Capital Markets arranged the refinancing transactions on behalf of Highgates Group. Jonathan Zilber, Joel Chetner, and Josh Geller secured three floating-rate, interest-only loans from an institutional lender. Proceeds will be used to repay existing debt, fund closing costs, and return capital to investors.

“Our team arranged the transactions across properties at different stages of completion and lease-up, each requiring a tailored capital solution,” said Zilber. The properties are comprised of Belmond Flats with 240 units, Cedar Creek Flats with 168 units and Glengrove Apartments with 232 units. The three properties benefit from Louisville’s central location, affordable cost of living and strong transportation links.

“Louisville’s growing economy and diverse employment base continue to support strong demand for quality multifamily housing across income levels,” said Joseph Waldman at Highgates Group.

Join us on the afternoon of Tuesday, June 2, 2026, at Joe’s Live in Rosemont, IL, for the Connect Midwest Multifamily Trends conference.