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Walker & Dunlop Capital Markets Institutional Advisory originated $1.72 billion in loan proceeds to refinance 12,955 predominantly workforce and affordable housing units in 52 assets across 10 states for Starwood Capital.
“This significant portfolio financing reflects Walker & Dunlop's ability to structure and execute large-scale financing solutions for the world's largest and most sophisticated institutional clients," said Walker & Dunlop Chairman and CEO Willy Walker. "Financings of this size and complexity require a coordinated and collaborative team of bankers and underwriters. We are grateful for the trust Starwood placed in our team to deliver this refinancing, positioning the Strata Portfolio for sustained performance and continued long-term success.”
Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Michael Stepniewski, Michael Ianno, and Jack Krentzman arranged the transaction on behalf of Starwood Capital’s Starwood Real Estate Income Trust (SREIT), and originated the 10-year Freddie Mac loans.