Walker & Dunlop Arranges $556 Million Credit Facility Refinance for Student Housing Portfolio

Walker & Dunlop, Inc. announced today that it has arranged $555,600,000 in financing for a portfolio of 14 student housing properties totaling 4,295 units and 10,454 beds across nine states.

Walker & Dunlop Capital Markets Real Estate Finance arranged the financing on behalf of longtime client, The Scion Group. Colin Coleman, Brendan Coleman, and Will Baker secured a floating-rate, interest-only loan through an existing Fannie Mae credit facility.

"Our longstanding relationship with The Scion Group and Fannie Mae enabled us to deliver a financing solution tailored to the needs of a large, institutional portfolio," said Colin Coleman, managing director of Capital Markets Real Estate Finance at Walker & Dunlop. "This transaction demonstrates the value of combining deep market expertise with a collaborative approach to help our clients achieve their long-term investment objectives."

The portfolio includes student housing communities in Arizona, Alabama, California, Colorado, Florida, Georgia, Louisiana, North Carolina and Texas. The financing supports The Scion Group's long-term ownership strategy while providing flexible capital across a geographically expansive portfolio.

The Scion Group is the largest owner and operator of student housing communities globally with 190 communities and nearly 118,000 beds across 94 university markets.  The transaction closed within one of Scion's four Fannie Mae credit facilities, all of which were originated by Walker & Dunlop, underscoring the depth of the relationship among the borrower, lender, and financing team.

According to Walker & Dunlop’s 2026 Student Housing Outlook, demand continues to outpace supply across most major university markets.  Performance is increasingly determined by local market conditions rather than national trends. As investors become more selective, capital is flowing toward flagship universities with durable enrollment growth, limited new supply, and attractive long-term fundamentals. To learn more about Walker & Dunlop's student housing opportunities, read the full 2026 Student Housing Outlook here.

Walker & Dunlop is one of the leading providers of capital to the U.S. multifamily market and a leader in student housing property sales and financing. In 2025, the firm was recognized as the largest Fannie Mae DUS® lender by volume for the seventh consecutive year, originated nearly $19 billion in Agency volume, and completed more than 49 student housing transactions valued at nearly $1.9 billion. To learn more about our multifamily and student housing capabilities and financing options, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.