Share:
Walker & Dunlop Capital Markets recently arranged $153.3 million in total loan proceeds to refinance three garden style multifamily properties, Exchange at Juban in Livingston Parrish, Louisiana, Exchange at Blair Stone in Tallahassee, Florida, and Exchange at Indian Trail, in Indian Trail, North Carolina.
Led by Stephen Farnsworth, Hanes Dunn, and Robert Henry, the team arranged the refinance for long-time client, Hathaway Development Partners, and provided the floating rate bridge loans from ACRES. The loans will refinance the existing construction debt and redeem the outstanding preferred equity, ensuring a balanced capital structure while optimizing financing terms.
“We’re proud to have partnered with Hathaway Development on the refinance of this three-property portfolio,” said Dunn, senior manager at Walker & Dunlop. “Working closely with ACRES, we secured attractive first-mortgage financing that optimized proceeds and supported Hathaway’s strategic plan. The transaction reflects the quality of the assets, the strength of the sponsorship, the capabilities of the lender, and the expertise our team brings to every mandate.”