Walker & Dunlop Closes $168 Million Refinance for Santa Clarita Community
Walker & Dunlop (WD) has successfully arranged a $168 million refinancing loan for Park Sierra, a 776-unit Class B garden-style apartment complex in Santa Clarita, California. The financing was secured through Fannie Mae for G.H. Palmer Associates.
The property, originally developed in 1987, comprises 97 one-bedroom and 679 two-bedroom apartments, with 97% of units qualifying as 'Mission-Driven' affordable housing. Approximately 40% of the units have undergone rehabilitation, with additional capital improvements planned. The community features amenities including five pools and spas, a fitness center, and picnic areas.
Walker & Dunlop's 2024 performance includes over $30 billion in debt financing volume, with more than $25 billion dedicated to multifamily properties.
Walker & Dunlop (WD) ha organizzato con successo un prestito di rifinanziamento di 168 milioni di dollari per Park Sierra, un complesso di appartamenti in stile giardino di classe B con 776 unità a Santa Clarita, California. Il finanziamento è stato garantito tramite Fannie Mae per conto di G.H. Palmer Associates.
La proprietà, originariamente sviluppata nel 1987, comprende 97 appartamenti con una camera da letto e 679 appartamenti con due camere da letto, con il 97% delle unità che qualificano come alloggi accessibili 'Mission-Driven'. Circa il 40% delle unità ha subito riabilitazioni, con ulteriori miglioramenti capitali pianificati. La comunità offre servizi tra cui cinque piscine e spa, una palestra e aree picnic.
Le performance di Walker & Dunlop nel 2024 includono oltre 30 miliardi di dollari in volume di finanziamenti per debito, con più di 25 miliardi di dollari dedicati a proprietà multifamiliari.
Walker & Dunlop (WD) ha organizado con éxito un préstamo de refinanciamiento de 168 millones de dólares para Park Sierra, un complejo de apartamentos estilo jardín de clase B con 776 unidades en Santa Clarita, California. El financiamiento se aseguró a través de Fannie Mae para G.H. Palmer Associates.
La propiedad, desarrollada originalmente en 1987, comprende 97 apartamentos de una habitación y 679 apartamentos de dos habitaciones, con el 97% de las unidades calificando como vivienda asequible 'Mission-Driven'. Aproximadamente el 40% de las unidades han sido rehabilitadas, con mejoras de capital adicionales planificadas. La comunidad cuenta con comodidades que incluyen cinco piscinas y spas, un gimnasio y áreas de picnic.
El desempeño de Walker & Dunlop en 2024 incluye más de 30 mil millones de dólares en volumen de financiamiento de deuda, con más de 25 mil millones dedicados a propiedades multifamiliares.
Walker & Dunlop (WD)는 캘리포니아 산타 클라리타에 있는 776유닛의 B등급 정원 스타일 아파트 단지인 Park Sierra를 위해 1억 6800만 달러의 재융자 대출을 성공적으로 마련했습니다. 이 자금 조달은 G.H. Palmer Associates를 위해 Fannie Mae를 통해 확보되었습니다.
이 자산은 1987년에 처음 개발되었으며, 97개의 원룸 아파트와 679개의 투룸 아파트로 구성되어 있으며, 97%의 유닛이 'Mission-Driven' 적격 저소득 주택으로 분류됩니다. 약 40%의 유닛이 재활 공사를 마쳤으며, 추가 자본 개선이 계획되어 있습니다. 이 커뮤니티는 5개의 수영장과 스파, 피트니스 센터, 소풍 공간 등의 편의 시설을 갖추고 있습니다.
Walker & Dunlop의 2024년 실적은 300억 달러 이상의 부채 자금 조달 규모를 포함하며, 250억 달러 이상이 다가구 부동산에 전용됩니다.
Walker & Dunlop (WD) a réussi à organiser un prêt de refinancement de 168 millions de dollars pour Park Sierra, un complexe d'appartements de style jardin de classe B comprenant 776 unités à Santa Clarita, Californie. Le financement a été sécurisé par Fannie Mae pour G.H. Palmer Associates.
La propriété, développée à l'origine en 1987, comprend 97 appartements d'une chambre et 679 appartements de deux chambres, avec 97% des unités qualifiant comme logements abordables 'Mission-Driven'. Environ 40% des unités ont été réhabilitées, avec des améliorations de capital supplémentaires prévues. La communauté dispose d'équipements tels que cinq piscines et spas, un centre de fitness et des aires de pique-nique.
Les performances de Walker & Dunlop en 2024 incluent plus de 30 milliards de dollars en volume de financement de dette, avec plus de 25 milliards de dollars consacrés à des propriétés multifamiliales.
Walker & Dunlop (WD) hat erfolgreich ein Refinanzierungsdarlehen in Höhe von 168 Millionen Dollar für Park Sierra arrangiert, einem 776-Einheiten großen Gartenstil-Apartmentkomplex der Klasse B in Santa Clarita, Kalifornien. Die Finanzierung wurde über Fannie Mae für G.H. Palmer Associates gesichert.
Die Immobilie, die ursprünglich 1987 entwickelt wurde, umfasst 97 Einzimmer- und 679 Zweizimmerwohnungen, wobei 97% der Einheiten als 'Mission-Driven' bezahlbarer Wohnraum qualifizieren. Ungefähr 40% der Einheiten wurden rehabilitiert, und weitere Kapitalverbesserungen sind geplant. Die Gemeinde bietet Annehmlichkeiten wie fünf Pools und Spas, ein Fitnesscenter und Picknickbereiche.
Die Leistung von Walker & Dunlop im Jahr 2024 umfasst über 30 Milliarden Dollar an Schuldenfinanzierungsvolumen, wobei mehr als 25 Milliarden Dollar für Mehrfamilienimmobilien vorgesehen sind.
- Secured large $168M refinancing deal, demonstrating strong deal-making capability
- 97% of units qualify as 'Mission-Driven', ensuring stable government-backed financing
- Strong 2024 performance with $30B+ in debt financing volume
- Maintains valuable relationship with repeat client G.H. Palmer Associates
- Only 40% of units renovated, requiring significant additional capital investment
Insights
Walker & Dunlop's $168 million refinancing arrangement for Park Sierra represents a significant transaction that reinforces the company's strong position in the multifamily financing market. This deal highlights several positive aspects of W&D's business model:
First, the transaction demonstrates the company's continued ability to execute large-scale financings through agency channels, leveraging its relationship with Fannie Mae. The 776-unit Class B property qualifies as 97% "Mission-Driven," aligning with Fannie Mae's affordable housing priorities and positioning W&D advantageously in the critical workforce housing segment.
Second, this refinancing showcases W&D's customer retention capabilities, with G.H. Palmer Associates explicitly described as a "valued repeat client." Client testimonials highlighting W&D's "professionalism" and ability to "go above and beyond expectations" signal strong relationship management that likely drives repeat business.
Third, the deal adds to W&D's impressive 2024 origination volume of over $30 billion in debt financing, including over $25 billion specifically for multifamily properties. This scale reinforces their status as "one of the top providers of capital to the U.S. multifamily market," a position that creates competitive advantages through market knowledge, lender relationships, and operational efficiency.
For investors, this transaction represents continued momentum in W&D's core business, demonstrating their ability to execute in the current commercial real estate financing environment while maintaining strong client relationships that drive sustainable revenue.
Park Sierra (Photo Credits: G.H. Palmer Associates)
The financing was arranged by Walker & Dunlop’s California Multifamily Finance team, led by Trevor Fase, on behalf of G.H. Palmer Associates. Fannie Mae provided the financing package.
“We are thrilled to continue our long-standing partnership with G.H. Palmer, a valued repeat client,” said Trevor Fase, senior managing director of Multifamily Finance at Walker & Dunlop. “G.H. Palmer has consistently demonstrated a strong commitment to developing and preserving affordable housing in
Originally developed in 1987 by G.H. Palmer Associates, the property consists of 97 one-bedroom and 679 two-bedroom apartments. Approximately
“Walker & Dunlop consistently demonstrates the highest level of professionalism in all of their transactions,” said Chuck Merrell, chief financial officer at G.H. Palmer Associates. “They are always willing to go above and beyond expectations, ensuring that they deliver the best possible results. Their commitment to excellence and attention to detail make them a trusted and invaluable partner for us.”
Walker & Dunlop is one of the top providers of capital to the
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in
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Investors:
Kelsey Duffey
Investor Relations
Phone 301.202.3207
investorrelations@walkeranddunlop.com
Media:
Nina H. von Waldegg
VP, Public Relations
Phone 301.564.3291
info@walkeranddunlop.com
Phone 301.215.5500
7272 Wisconsin Avenue, Suite 1300
Source: Walker & Dunlop, Inc.
FAQ
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