Aspen Square Management Secures $232.35 Million Loan For Multifamily Portfolio In Arkansas And Florida

The transaction involves a multifamily portfolio located in Arkansas and Florida, encompassing a total of 1,585 units. The loan amount for the financing of this portfolio is $232,350,000, structured as a 10-year, fixed-rate, interest-only loan. The properties are primarily designated as workforce housing.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $232,350,000
• Units: 1,585
• Market: Arkansas & Florida
• Landlord: Rick Steele - Aspen Square Management
• Brokers: Connor Locke, Harvey Pava, Brendan Coleman & Skye Stansbury - Walker & Dunlop
• Loan Terms: 10-year, fixed-rate, interest-only

Walker & Dunlop arranged the Fannie Mae credit facility for Aspen Square Management, marking their 16th Fannie Mae credit facility and the eighth financing completed through Walker & Dunlop, tailored to support Aspen Square's long-term ownership strategy.