Dealmaker: Walker & Dunlop Arranges $223M in Bridge Financing for Southeast Properties

(Madison Shores. Photo Credit: Madison Capital Group via Walker & Dunlop)

Walker & Dunlop, Bethesda, Md., arranged more than $223 million in bridge financing for five multifamily communities across the Southeast U.S. on behalf of Madison Capital Group.

Walker & Dunlop Capital Markets Real Estate Finance arranged the loans with multiple debt fund lenders for the multifamily assets. Led by Walker Layne, Austin Sneed and Tyler Evenson, the five financings closed over the past nine months.

The properties include The Caroline, in Indian Land, S.C., Madison Shores, in Pensacola, Fla., Madison at Ashley Park, in Charlotte, N.C., Madison Wakefield, in Raleigh, N.C., and Madison Fountains in St. Johns, Fla. The five properties total 1,345 units.

The financings were secured by market-rate multifamily communities located near major employment centers, transportation corridors and retail destinations throughout the Southeast. The bridge loan structures provide Madison Capital Group with additional flexibility as the firm continues to execute its multifamily investment strategy across high-growth markets.

“By structuring flexible floating-rate bridge financing, we were able to provide a tailored execution strategy that aligned with the business plans for each asset while maximizing optionality in an evolving capital markets environment,” said Layne, managing director of capital markets real estate finance at Walker & Dunlop.