**Walker & Dunlop Arranges $168M Refinance for Santa Clarita Apartment Community**
Walker & Dunlop, Inc. announced it has arranged a $168 million loan to refinance Park Sierra, a 776-unit, Class B garden-style apartment complex located in Santa Clarita, California. The financing was secured 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 Fase. “G.H. Palmer has consistently demonstrated a strong commitment to developing and preserving affordable housing in Santa Clarita. With 97% of the units at Park Sierra qualifying as ‘Mission-Driven,’ this community plays an essential role in providing quality, affordable housing in the market, and we’re proud to help support that mission.”
Originally developed in 1987 by G.H. Palmer Associates, Park Sierra comprises 97 one-bedroom and 679 two-bedroom apartments. Approximately 40% of the units have already undergone rehabilitation, with further capital improvements planned for the property.
