Walker & Dunlop announced that it arranged $145.75 million in first mortgage and preferred equity to refinance Bryant at Yorba Linda, a 400-unit multifamily community located in California.
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, with Freddie Mac providing the capital. Walker & Dunlop Capital secured preferred equity capital from a leading institutional owner and operator of multifamily communities on behalf of IEC.
Located in Yorba Linda, Calif., the property is in one of Orange County’s most affluent neighborhoods. The area offers top-rated K–12 schools, scenic hiking trails, golf courses, parks, premier shopping and easy access to several Fortune 500 companies. Residents also benefit from proximity to cultural and educational landmarks, including the Bowers Museum, Cal State Fullerton and the Richard
