**Walker & Dunlop Arranges $168M Refinancing for Park Sierra Apartments in Santa Clarita**
Walker & Dunlop, Inc. announced it has secured a $168 million loan to refinance Park Sierra, a 776-unit, Class B, garden-style apartment community located in Santa Clarita, California. The financing was arranged by Walker & Dunlop’s California Multifamily Finance team, led by Trevor Fase, on behalf of property owner G.H. Palmer Associates. The financing package was provided by Fannie Mae.
“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, the Park Sierra property includes 97 one-bedroom and 679 two-bedroom apartments. Approximately 40% of the units have already undergone rehabilitation, with further capital improvements planned for the future.
