Ten-year Fannie Mae loan supports 1,585-unit multifamily portfolio spanning Arkansas and Florida.
BETHESDA, Md. — 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 company announced.
The portfolio consists primarily of workforce housing communities and includes one income-restricted affordable housing property.
Walker & Dunlop’s Capital Markets Real Estate Finance team arranged the financing on behalf of Aspen Square Management, a longtime client. The financing was secured through a new Tier 3 Fannie Mae credit facility and consists of a single 10-year, fixed-rate, interest-only loan collateralized by the five multifamily communities.
The transaction was led by Connor Locke, Harvey Pava, Brendan Coleman, and Skye Stansbury of Walker & Dunlop.
“This transaction reflects the strength of our longstanding relationship with Aspen Square and Fannie Mae,” said Connor Locke, managing director of Capital Markets Real Estate Finance at Walker & Dunlop. “By combining high-quality workforce housing with a customized credit facility, we delivered an accretive financing solution that supports Aspen Square’s long-term investment strategy while helping preserve housing affordability across multiple markets.”
The financing represents Aspen Square’s 16th Fannie Mae credit facility and its eighth completed with Walker & Dunlop, underscoring the long-term relationship among the borrower, lender, and financing team.
