Walker & Dunlop, Inc. has arranged $145.75 million in first mortgage and preferred equity to refinance Bryant at Yorba Linda, a 400-unit multifamily community located in California.
Chris Botsford and Jeff Burns of Walker & Dunlop Capital Markets arranged a senior mortgage loan for Interstate Equities Corporation (IEC). The loan includes a five-year term, fixed rate, and full-term interest-only payments, with capital provided by Freddie Mac.
Additionally, Justin Nelson and PJ Feichtmeier from Walker & Dunlop Capital Markets secured preferred equity from a leading institutional owner and operator of multifamily communities on behalf of IEC.
"We’re proud to partner with IEC to provide a range of tailored financial services to structure a sophisticated capital solution," said Botsford, managing director. "By layering preferred equity on top of a Freddie Mac loan, we were able to deliver the most effective capital strategy. This transaction reflects the ongoing strength of the 5-year fixed-rate agency loan market and underscores that clients continue to prioritize 5-year fixed-rate paper in the current interest rate environment, with agencies serving as a reliable and strategic source of capital."
Located in Yorba Linda, California, the property sits in one of Orange County’s most affluent neighborhoods. The area is known for its highly rated schools, scenic hiking trails, golf courses, and convenient access to Fortune 500 employers.
Residents also enjoy proximity to major cultural and educational sites, including The Bowers Museum, Cal State Fullerton, and the Richard Nixon Library.
"The location is absolutely ideal, offering the perfect combination of luxury, convenience, and access to top-tier education," said Brendan Gibney, director at IEC. "From start to finish, the W&D team guided us through each step, providing expert support and strategic insights. Their comprehensive approach made the entire process seamless and ensured we achieved the best possible outcome for our investment."
The Bryant at Yorba Linda spans 404,220 sq. ft., featuring one- and two-bedroom floor plans with modern interiors, open layouts, and high-end finishes.
Amenities include a leasing office, clubhouse, fitness center, swimming pool and spa, playground, dog park, resident lounge, and sport court, creating a community-oriented environment designed for modern living.
Walker & Dunlop is one of the largest capital providers to the U.S. multifamily market. In 2024, the firm originated over $30 billion in debt financing volume, including $25 billion dedicated to multifamily properties.
The firm continues to strengthen its position as a trusted capital advisor, providing developers and investors with structured financial solutions across diverse housing segments.
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By Ravi Kumar