Walker & Dunlop announced that it arranged $232.352 million in financing for a portfolio of five multifamily properties. The properties total 1,585 units across Arkansas and Florida.
The portfolio consists primarily of workforce housing. It also includes one income-restricted affordable housing community.
Walker & Dunlop Capital Markets Real Estate Finance arranged the financing on behalf of Aspen Square Management. Aspen Square is a long-time client of the firm.
Connor Locke, Harvey Pava, Brendan Coleman, and Skye Stansbury secured the financing. The loan is a single 10-year, fixed-rate, interest-only loan through a new Tier 3 Fannie Mae credit facility.
The credit facility is collateralized by five workforce housing communities. Walker & Dunlop said the structure supports Aspen Square’s long-term investment strategy while helping preserve housing affordability across multiple markets.
The transaction marks Aspen Square’s 16th Fannie Mae credit facility. It is also the eighth Fannie Mae credit facility Aspen Square has completed with Walker & Dunlop.
Walker & Dunlop said the transaction highlights the long-standing partnership among the borrower, lender, and financing team. The company is one of the top providers of capital to the U.S. multifamily market.
In 2025, Walker & Dunlop was recognized as the largest Fannie Mae DUS lender by volume for the seventh consecutive year. The firm originated nearly $19 billion in Agency volume that year.
KEY QUOTE:
“This transaction reflects the strength of our longstanding relationship with Aspen Square and Fannie Mae. By combining high-quality workforce housing with a customized credit facility, we delivered an accretive financing solution that supports Aspen Square’s long-term investment strategy while helping preserve housing affordability across multiple markets.”
Connor Locke, Managing Director of Capital Markets Real Estate Finance at Walker & Dunlop
