**Walker & Dunlop Secures $91.45M Loan for Vallejo Multifamily Property**
Walker & Dunlop has announced the successful arrangement of $91.45 million in loan proceeds to refinance Blue Rock Village, a 560-unit, Class B, garden-style multifamily community located in Vallejo, California. The financing was arranged on behalf of Prime Residential, a long-term client of the firm.
The deal was led by Bryan Frazier and Blake Hockenbury of Walker & Dunlop’s Multifamily Finance team. The duo secured a 10-year, full-term, interest-only loan with a fixed rate through Freddie Mac.
“This transaction not only strengthens the asset’s long-term financial position—it reflects a relationship built on trust, performance, and shared vision,” said Frazier. “We would like to thank Prime for continuing to put their confidence in our team. It’s an honor to support their continued success.”
Blue Rock Village was developed in two phases and now operates as a cohesive residential community. The property spans 35.69 acres and includes 41 buildings—38 of which are designated for residential use. Amenities for residents include a spa, swimming pools, dog parks, and other on-site features that enhance the community living experience.
