Walker & Dunlop announced that it has arranged $153.3 million in total loan proceeds to refinance three garden-style multifamily properties: Exchange at Juban in Denham Springs, La.; Exchange at Blair Stone in Tallahassee, Fla.; and Exchange at Indian Trail in Indian Trail, N.C.
Walker & Dunlop Capital Markets arranged the refinance for longtime client Hathaway Development. The team provided the floating rate bridge loans from ACRES. The loans will refinance the existing construction debt and redeem the outstanding preferred equity, ensuring a balanced capital structure while optimizing financing terms.
“We’re proud to have partnered with Hathaway Development on the refinance of this three-property portfolio,” said Hanes Dunn, senior manager at Walker & Dunlop. “The assignment aligned perfectly with our team’s strengths — deep capital markets knowledge, disciplined underwriting and the ability to navigate complex structures. Working closely with
