Walker & Dunlop Arranges $630.6M Refinance Loan For IMT Capital Multifamily Portfolio

The transaction involves a multifamily portfolio comprising 3,528 units located across Arizona, California, Colorado, Florida, Tennessee, and Texas. The refinance loan amount is $630,600,000, facilitated by Fannie Mae. The loan terms are structured as five-year, fixed-rate loans with full-term interest-only payments and a 35-year amortization schedule.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $630,600,000
• Lender: Fannie Mae
• Landlord: Andrew Wizenberg - IMT Capital
• Brokers: Matthew Wallach, Cory Wizenberg, Stephen West, Walker Layne, AJ Wright & Sebastian Tamayo - Walker & Dunlop
• Loan Type: Refinance
• Loan Terms: five-year, fixed-rate loans with full-term interest-only payments and 35-year amortization
• Units: 3,528
• Market: Arizona, California, Colorado, Florida, Tennessee & Texas

The financing was arranged by Walker & Dunlop, with the loans closing between May 1 and September 1 for nine IMT Capital multifamily properties. The arrangement highlights the collaboration among several brokers representing the deal, emphasizing the multifaceted nature of the transaction.