**Walker & Dunlop Arranges $87.2M Financing for Santa Fe Ranch Apartments in La Costa**
Walker & Dunlop, Inc. has secured $87.2 million in acquisition financing for Santa Fe Ranch Apartments, a 320-unit garden-style multifamily community located in the coastal Carlsbad submarket of La Costa. The financing was arranged by Walker & Dunlop Capital Markets’ Mark Grace and John Montakab on behalf of an institutional investment group, with Freddie Mac providing the capital. The loan is interest-only and features a fixed rate.
Originally built in 1987, Santa Fe Ranch spans 20 acres and is the largest apartment community in La Costa, as well as the third largest in the city of Carlsbad. The property offers residents walkable access to top-rated schools, retail centers, dining options, and outdoor amenities, including the nearby Stagecoach Park.
“Santa Fe Ranch is a standout asset in Carlsbad, held by the seller for many years,” said 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.”
