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BETHESDA, MD. — Walker & Dunlop has arranged approximately $223 million in bridge financing for five communities across the Southeast on behalf of Charlotte, North Carolina-based Madison Capital Group. The bridge loans will refinance existing debt for five properties (1,345 units) in Florida and the Carolinas. Walker & Dunlop arranged the loans with multiple debt fund lenders. A team led by Walker Layne, Austin Sneed and Tyler Evenson closed the five refinancings over the past nine months.
The portfolio includes: The Caroline in Indian Land, South Carolina; Madison Shores in Pensacola, Florida, Madison at Ashley Park in Charlotte, North Carolina; Madison Wakefield in Raleigh, North Carolina; and Madison Fountains in St. Johns, Florida.