Walker & Dunlop has arranged a $75 million loan to support the acquisition of The Worthington Apartments, a large multifamily community in Pikesville, Maryland. The financing will be used by Quest Management Group in connection with its purchase of the property, which is positioned as a sizable garden-style complex in a suburban location with access to major employment corridors.
The loan was structured by the Walker & Dunlop Capital Markets Real Estate Finance team, led by Jonathan Zilber and Joel Chetner. According to the firm, the transaction was closed as a 10-year, fixed-rate, nonrecourse acquisition loan, providing long-term, agency financing for the asset. Zilber noted that the team was pleased to deliver competitive permanent financing for Quest Management Group as it moves forward with its acquisition of The Worthington.
The Worthington Apartments total 612 units across a three-story, garden-style layout, making it one of the larger multifamily communities in its immediate area. The complex spans 37.48 acres and is organized into 29 buildings that include 21 residential buildings. The remaining structures on site consist of four garages, a clubhouse, a pool house, a guard shelter, and a maintenance facility, supporting both resident amenities and property operations.
The property is located at 7900 Brookford Cir in Pikesville, Maryland, just west of Baltimore City. Its position near the Baltimore Beltway provides connectivity to several key employment hubs, including Owings Mills, Woodlawn, and downtown Baltimore. This regional access is a central element of the community’s location, linking residents to a broad base of jobs and services throughout the greater Baltimore area.
The transaction underscores continuing capital flows into established multifamily assets in suburban Baltimore, particularly where properties combine scale with transportation connectivity. Photo credit for imagery associated with the transaction is attributed to Quest Management Group.
