Walker & Dunlop has arranged $232.35 million in financing for a portfolio of five multifamily properties totaling 1,585 units across Arkansas and Florida. The portfolio consists primarily of workforce housing and includes one income-restricted affordable housing community.
Walker & Dunlop Capital Markets Real Estate Finance arranged the financing on behalf of longtime client Aspen Square Management. Connor Locke, Harvey Pava, Brendan Coleman and Skye Stansbury secured a single 10-year, fixed-rate, interest-only loan through a new Tier 3 Fannie Mae credit facility. The credit facility is collateralized by five quality workforce housing communities.
“This transaction reflects the strength of our longstanding relationship with Aspen Square and Fannie Mae. By combining high-quality workforce housing with a customized credit facility, we delivered an accretive financing solution that supports Aspen Square’s long-term i
