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Walker & Dunlop Capital Markets | Real Estate Finance recently arranged a $59.5 million HUD 221(d)(4) loan for the development of RailRoad Lofts, a 351-unit Class A multifamily community in Cleburne, Texas.
Led by Steve Mentesana, Matthew Mentesana, and Alex Luzarraga, the team arranged the 40-year fixed-rate construction-to-permanent financing, representing 87% of total development cost.
RailRoad Lofts will deliver a thoughtfully curated mix of one-, two-, and three-bedroom residences, along with high-end amenities designed to support modern urban living in a growing Texas submarket.
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