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Walker & Dunlop Capital Markets recently arranged $96.7 million in total financing to recapitalize three newly constructed Class A communities totaling 640 units in Louisville, Kentucky.
Led by Jonathan Zilber, Joel Chetner, and Josh Geller, the team arranged the refinancing transactions on behalf of Highgates Group, and secured three floating-rate, interest-only loans from an institutional lender.
"Our team arranged the transactions across properties at different stages of completion and lease-up, each requiring a tailored capital solution. The ability to deliver cash-out proceeds with additional earn-out structures on a non-recourse basis at competitive terms, highlight the strength of our platform and the continued availability of capital for experienced developers in today’s market,” said Zilber, senior managing director at Walker & Dunlop. “We’re grateful for the opportunity to partner with Highgates Group and deliver solutions that align with both their near-term needs and long-term strategy.”