Walker & Dunlop announced that it has arranged a $168 million loan to refinance Park Sierra, a 776-unit, class B, garden-style apartment building in Santa Clarita, Calif.
The financing was arranged by Walker & Dunlop’s California Multifamily Finance team, led by Trevor Fase, on behalf of G.H. Palmer Associates. Freddie Mac provided the financing package.
“We are thrilled to continue our long-standing partnership with G.H. Palmer, a valued repeat client,” said Trevor Fase, senior managing director at Multifamily Finance at Walker & Dunlop. “G.H. Palmer has consistently demonstrated a strong commitment to developing and preserving affordable housing in Santa Clarita. With 97 percent of the units at Park Sierra qualifying as ‘mission-driven,’ this community plays an essential role in providing quality, affordable housing in the market, and we’re proud to help support that mission.”
Originally developed in 1987 by G.H. Palmer Associates,
