Walker & Dunlop, Inc. announced that it arranged $145,750,000 in first mortgage and preferred equity to refinance Bryant at Yorba Linda, a 400-unit multifamily community, located in California.
Chris Botsford and Jeff Burns of Walker & Dunlop Capital Markets arranged a senior mortgage loan for Interstate Equities Corporation (IEC). The loan features a five-year term, fixed rate, and full-term interest-only payments, with Freddie Mac providing the capital. Walker & Dunlop Capital Markets’ Justin Nelson and PJ Feichtmeier secured preferred equity capital from a leading institutional owner and operator of multifamily communities on behalf of IEC.
“We’re proud to partner with IEC to provide a range of tailored financial services to structure a sophisticated capital solution,” said Botsford, managing director. “By layering preferred equity on top of a Freddie Mac loan, we were able to deliver the most effective capital strategy. This transaction reflects the ongoing strength of the 5-year fixed-rate agency loan market and underscores that clients continue to prioritize 5-year fixed-rate paper in the current interest rate environment, with agencies serving as a reliable and strategic source of capital.”
“The location is absolutely ideal, offering the perfect combination of luxury, convenience, and access to top-tier education,” said Brendan Gibney, director at IEC. “From start to finish, the W&D team guided us through each step, providing expert support and strategic insights. Their comprehensive approach made the entire process seamless and ensured we achieved the best possible outcome for our investment.”
The property features thoughtfully designed one- and two-bedroom floor plans across a 404,220 sq. ft. building, with modern interiors, open layouts, and high-end finishes. Residents enjoy a vibrant community with amenities that enhance everyday living, including a leasing office, clubhouse, fitness center, swimming pool and spa, playground, dog park, resident lounge, and a sport court.
Walker & Dunlop is one of the top providers of capital to the U.S. multifamily market; in 2024 the firm originated over $30 billion in debt financing volume, including over $25 billion for multifamily properties. To learn more about our capabilities and financing options, visit our website.
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.
