Walker & Dunlop has arranged a $25.48 million loan to refinance River Birch Apartments, an apartment community located in Caledonia, Michigan.

The Walker & Dunlop Multifamily Finance team, led by Mary Stuart Hurst and Fletcher Dunn, partnered with Kari Zapolski of Inner Circle Holdings to arrange an early rate lock, a 10-year loan from Fannie Mae.
The loan features five years of interest-only payments followed by a 35-year amortization schedule.

River Birch Apartments is a 140-unit Class A apartment community featuring one-bedroom and two-bedroom homes. Located at 3454 French School, the property is situated 15 miles from downtown Grand Rapids, and is surrounded by nearby shopping, dining, parks, and recreational activities.

“The River Birch project’s Green Globes Certification played a key role in securing highly competitive pricing and favorable credit terms from Fannie Mae, even in a challenging lending environment,” said Hurst.

Hear from the Industry’s Best: Connect Apartments 2025 brings together leaders from across the multifamily sector—including Equity Residential, Related California, Hanover Residential, Thorofare Capital, Marcus & Millichap—sharing real insights from the companies shaping our industry. Whether it’s investment strategies, regulatory outlooks, or growth trends, this one-day event in LA on September 11 gives you direct access to the execs who make the decisions. Don’t just attend—connect with the companies driving change: www.connectapts2025.com