ATLANTA — Walker & Dunlop has arranged $153.3 million in loans for Hathaway Development. The Atlanta-based owner/developer will use the proceeds to refinance three garden-style properties: Exchange at Juban in Denham Springs, Louisiana, Exchange at Blair Stone in Tallahassee, Florida, and Exchange at Indian Trail, in Indian Trail, North Carolina. Walker & Dunlop’s Stephen Farnsworth, Hanes Dunn and Robert Henry arranged the floating-rate loans through lender ACRES Capital.
The three communities were developed by Hathaway and combined include 876 units. Exchange at Juban, a 264-unit property in Denham Springs was completed in 2024 and refinanced for $44.7 million. Exchange at Blair Stone, a 300-unit property in Tallahassee, delivered in January 2025, was refinanced for $52.4 million. Exchange at Indian Trail, a 312-unit development, was also completed in January 2025 and refinanced for $56.2 million.