Walker & Dunlop Arranges $146M Refinance for Bryant at Yorba Linda Apartments
Walker & Dunlop, Inc. has announced the successful arrangement of $145.75 million in first mortgage and preferred equity financing for Bryant at Yorba Linda, a 400-unit multifamily community located in Yorba Linda, California.
The financing was arranged by Chris Botsford and Jeff Burns of Walker & Dunlop Capital Markets, who secured a senior mortgage loan on behalf of Interstate Equities Corporation (IEC). The loan, provided by Freddie Mac, features a five-year term, a fixed interest rate, and full-term interest-only payments.
In addition to the mortgage loan, Walker & Dunlop Capital Markets’ Justin Nelson and PJ Feichtmeier arranged preferred equity capital from a prominent institutional investor specializing in multifamily communities.
“By layering preferred equity on top of a Freddie Mac loan, we were able to deliver the most effective capital strategy,” said Chris Botsford, managing director at Walker & Dunlop. “This transaction reflects the ongoing strength of the five-year fixed-rate agency loan market and underscores that clients continue to prioritize five-year fixed-rate paper in the current interest rate environment, with agencies serving as a reliable and strategic source of capital.”
Bryant at Yorba Linda represents a significant investment in Southern California’s multifamily housing sector, underscoring both institutional confidence in the market and the strategic role of structured financing in today’s economic climate.
