**Walker & Dunlop Secures $87.2M Loan for Santa Fe Ranch Apartment Acquisition in La Costa**
Walker & Dunlop, Inc. has successfully arranged $87.2 million in acquisition financing for Santa Fe Ranch Apartments, a 320-unit garden-style multifamily community located in the coastal La Costa neighborhood of Carlsbad, California.
The financing was structured as an interest-only, fixed-rate loan provided by Freddie Mac. Walker & Dunlop’s Capital Markets team, led by Mark Grace and John Montakab, represented an institutional investment group in securing the loan.
Santa Fe Ranch Apartments, built in 1987, spans 20 acres and holds the distinction of being the largest apartment community in La Costa and the third-largest in the greater Carlsbad area. The property features a strategic location with walkable access to top-rated schools, retail destinations, dining options, and recreational amenities, including nearby Stagecoach Park.
“Santa Fe Ranch is a standout asset in Carlsbad, held by the seller for many years,” said Mark Grace. “Our client is acquiring a rare value-add opportunity in a prime, supply-constrained market where new development is extremely limited, highlighting the long-term growth and strategic potential of this property.”
