Walker & Dunlop (WD) said Tuesday it arranged an interest-only, fixed-rate $87.2 million loan for the acquisition of Santa Fe Ranch Apartments in La Costa, California, on behalf of an undisclosed institutional investment group.
Santa Fe Ranch, the largest community in La Costa, is a 320-unit multifamily property located on 20 acres, the company said in a statement.
Freddie Mac provided the capital for the financing, according to the statement.
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