Walker & Dunlop Arrange $1.7B Refinancing for 52-Property Affordable Housing Portfolio

by Lynn Peisner

MIAMI — Walker & Dunlop has arranged approximately $1.7 billion in agency loan proceeds to refinance 12,955 predominantly workforce and affordable housing units in 52 properties across 10 states for Starwood Capital. Walker & Dunlop Capital Markets Institutional Advisory arranged the transaction on behalf of Starwood Capital’s Starwood Real Estate Income Trust (SREIT), which acquired the properties in 2021. Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Michael Stepniewski and Michael Ianno originated the 10-year Freddie Mac loans.

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