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Walker & Dunlop Structures $302M in Financing for 10-Property Apartment Portfolio
Bethesda, MD-based Walker & Dunlop, Inc., has structured $302 million in Freddie Mac financing for a portfolio of 10 multifamily properties in central CT. The portfolio comprises 2,286 units, over 75% of which qualify as mission-driven, affordable housing under Federal Housing Finance Agency guidelines.
Walker & Dunlop’s Taylor Williams structured the financing on behalf of Beachwold Residential, a repeat client and family-owned real estate company headquartered in New York City.
The portfolio is comprised of a diverse and unique set of communities with construction dates ranging from 1926 to 2008. The oldest property, 278 Main, was originally a schoolhouse later converted to apartments. Another distinctive property is Lofts at the Mills, a former mill that was recently converted to loft apartments. Most of the properties within the portfolio are situated in irreplaceable infill locations.
Walker & Dunlop originated $49 billion in debt financing volume in 2021, including lending over $42 billion for multifamily properties.
- ◦Financing
