Walker & Dunlop announced that it arranged $87.2 million in acquisition financing for Santa Fe Ranch Apartments, a 320-unit garden-style conventional multifamily property located in the coastal submarket of La Costa, Calif.
Walker & Dunlop Capital Markets arranged the interest-only, fixed-rate loan on behalf of an institutional investment group, with Freddie Mac providing the capital.
Santa Fe Ranch is a 1987-vintage, 320-unit multifamily community situated on 20 acres. The property offers a mix of spacious one- and two-bedroom units, featuring an amenity package that includes a resort-style pool and spa, an updated fitness center, a business lounge, BBQ/picnic areas, and a dog park.
As the largest community in La Costa and the third largest in all of Carlsbad, Santa Fe Ranch offers walkable access to top-rated schools, retail, dining and outdoor amenities like Stagecoach Park.
“Santa Fe Ranch is a standout asset in Carlsbad, held by the seller
