Walker & Dunlop announced it has arranged $1.719 billion in financing to refinance a large multifamily housing portfolio owned by Starwood Capital Group.
The financing supports 12,955 housing units across 52 properties in 10 states, with a focus on workforce and affordable housing. The portfolio is held by Starwood Real Estate Income Trust, which originally acquired the assets in 2021.
The transaction was structured as 10-year loans provided through Freddie Mac and arranged by Walker & Dunlop’s Capital Markets Institutional Advisory team. The deal highlights the firm’s ability to execute large-scale, complex financings for institutional real estate investors.
The refinancing is expected to support the long-term performance of the portfolio, which is concentrated in high-growth and high-migration markets. Walker & Dunlop remains a leading provider of capital to the U.S. multifamily sector, having originated nearly $19 billion in agency volume in 2025.
KEY QUOTES
“This significant portfolio financing reflects Walker & Dunlop’s ability to structure and execute large-scale financing solutions for the world’s largest and most sophisticated institutional clients. Financings of this size and complexity require a coordinated and collaborative team of bankers and underwriters. Led by senior managing director Dustin Stolly, the Walker & Dunlop team, working with Freddie Mac, executed flawlessly. We are grateful for the trust Starwood placed in our team to deliver this refinancing, positioning the Strata Portfolio for sustained performance and continued long-term success.”
Willy Walker, Chairman and CEO, Walker & Dunlop
“Starwood is proud to own and support workforce housing communities. With a large majority of units in high-growth, high-migration markets, we believe the fundamentals are strong for the long term for our lenders and investors. We appreciate Walker & Dunlop’s partnership in delivering this financing from Freddie Mac.”
Jonathan Pollack, President, Starwood Capital Group
