Walker & Dunlop Arranges $117 Million Refinancing for Three Texas Multifamily Properties

Walker & Dunlop Arranges $117 Million Refinancing for Three Texas Multifamily Properties

Walker & Dunlop, Inc. announced today that it has arranged $117,300,000 to refinance three Class A multifamily communities totaling 960 units across the Austin and Dallas-Fort Worth metropolitan areas in Texas.

Walker & Dunlop Capital Markets Institutional Advisory served as exclusive advisor to an institutional client, arranging the $117.3 million financing provided by Benefit Street Partners. Jordan Casella, Aaron Appel, Adam Schwartz, Jonathan Schwartz, Keith Kurland, Christopher de Raet, and Nicholas Gilhooley arranged the floating-rate, interest only loans.

“Austin and Dallas-Fort Worth are seeing improving multifamily fundamentals as strong renter demand and slowing new construction help bring supply and demand into a better balance,” said Casella, managing director of Capital Markets Institutional Advisory at Walker & Dunlop. “This portfolio represents an attractive collection of recently developed properties in growing suburban markets. Working alongside our client and Benefit Street Partners, we secured financing that provides flexibility and supports the portfolio's long-term investment strategy.”

The portfolio comprises three multifamily communities totaling approximately 922,623 rentable square feet, featuring modern residences, high-quality finishes, and extensive amenity packages.

The properties include:

• Austin Avenue: Located in Georgetown, Texas, the 312-unit community was completed in 2022 with approximately 298,788 rentable square feet across studio, one-, two-, and three-bedroom floor plans. Amenities include a resort-style swimming pool, outdoor kitchen, 24-hour fitness center, dog park, and community garden.
• Aven Ridge: Located in Leander, Texas, the 312-unit community was completed in 2021 and has approximately 299,835 rentable square feet across one-, two-, and three-bedroom floor plans. Amenities include a resort-style swimming pool, fitness center with a dedicated spin room, business center, and outdoor entertainment spaces.
• Latitude Magnolia: Located in Aubrey, Texas, within the Dallas-Fort Worth metropolitan area, the 336-unit community was completed in 2021 and features approximately 324,000 rentable square feet. The property offers one- and two-bedroom residences alongside amenities including a swimming pool, fitness center, dog park, and resident clubhouse.

“This financing reflects our focus on recently developed multifamily communities in markets with long-term housing demand,” said David Elgart, managing director at Benefit Street Partners. “We were pleased to work with Walker & Dunlop to provide a financing solution that supports the borrower’s business plan across three Texas communities.”

The properties are located in two of Texas' major metropolitan areas, where suburban population growth continues to support housing demand. According to U.S. Census Bureau data, Georgetown and Leander have grown 58.5% and 53.8%, respectively, since 2020, while four of the nation's five fastest-growing cities in 2025 were located in the Dallas-Fort Worth metropolitan area. The communities also offer convenient access to major employment centers, transportation corridors, retail, dining, and recreational amenities, reinforcing their long-term appeal to residents.

In the first half of 2026, Walker & Dunlop’s Capital Markets team sourced over $13.9 billion from non-Agency capital providers, including nearly $9.6 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry’s top developers, owners, and operators. To learn more about Walker & Dunlop’s broad financing options, visit our website.

About Walker & Dunlop

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.

About Benefit Street Partners

Benefit Street Partners (BSP) is an alternative credit pioneer with $97 billion in assets under management as of August 31, 2026 (including Apera). It seeks to deliver attractive, risk-adjusted returns through its deep specialism, long-term relationships and global reach. A wholly owned subsidiary of Franklin Templeton, BSP is focused on credit. Through its disciplined, solutions-oriented approach, BSP unlocks opportunities across market cycles and geographies. The firm manages strategies spanning direct lending, real estate debt, structured credit, liquid loans and asset-backed finance. For more information, visit bspcredit.com.

Media:
Nina H. von Waldegg
Public Relations
Phone 301.564.3291
nhvwaldegg@walkerdunlop.com

Phone 301.215.5500

7272 Wisconsin Avenue, Suite 1300
Bethesda, Maryland 20814

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