Walker & Dunlop has arranged more than $223 million in bridge financing for five multifamily communities across the Southeast on behalf of Madison Capital Group.
Walker & Dunlop Capital Markets Real Estate Finance arranged the loans with multiple debt fund lenders for multifamily assets located throughout North Carolina, South Carolina, and Florida. Led by Walker Layne, Austin Sneed and Tyler Evenson, the five financings closed during the past nine months, totaling 1,345 units, and highlight continued liquidity for well-positioned multifamily properties in high-growth Sun Belt markets.
The portfolio includes The Caroline in Indian Land, S.C.; Madison Shores in Pensacola, Fla.; Madison at Ashley Park in Charlotte, N.C.; Madison Wakefield in Raleigh, N.C.; and Madison Fountains in St. Johns, Fla. Collectively, the financings were secured by market-rate multifamily communities located near major employment centers, transportation corridors, and retail destinations
