Walker & Dunlop successfully facilitated a $66 million refinancing deal for Boardwalk at Millenia, a premier 309-unit apartment community located in Chula Vista. The W&D New York Capital Markets team, led by Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Mo Beler Michael Ianno and William Herring worked on behalf of the client Barings Core Property Fund to secure this transaction. The lender was identified as Kohlberg Kravis Roberts & Co., LP.
Boardwalk at Millenia is situated at 1660 Metro Ave., and boasts Class A luxury apartments that were built in 2018. This property offers residents an array of top-notch amenities including a resort-style pool and spa area with outdoor fireplaces and lounges; state-of-the-art fitness studio; children’s play area; co-working spaces complete with private conference rooms.
In addition to purchasing the property from Trammell Crow Residential in 2019 , Barings recently secured new financing for Boardwalk at Millenia through a five-year floating rate loan which will be used to refinance their previous debt. Walker & Dunlop’s expertise helped facilitate this successful transaction between all parties involved.
