Walker & Dunlop Arranges $153 Million Refinance for Hathaway Development Multifamily Portfolio
Reuters
Dec 02
Walker & Dunlop Arranges $153 Million Refinance for Hathaway Development Multifamily Portfolio
Walker & Dunlop, Inc. has arranged $153.3 million in total loan proceeds to refinance a portfolio of three garden style multifamily properties: Exchange at Juban in Denham Springs, Louisiana; Exchange at Blair Stone in Tallahassee, Florida; and Exchange at Indian Trail in Indian Trail, North Carolina. The refinancing was arranged for Hathaway Development, a long-time client, with floating rate bridge loans provided by ACRES. The new financing replaces existing construction debt and redeems outstanding preferred equity, optimizing the capital structure and supporting Hathaway's strategic growth plan.
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