[[{“value”:”
Walker & Dunlop Secures $47.7M Loan for Raia Capital’s Acquisition of Mason Stuart
Walker & Dunlop has arranged a $47.7 million acquisition loan to finance Mason Stuart, a newly built Class A mid-rise multifamily property located at 4585 SE Federal Highway, Stuart, Florida.
The Walker & Dunlop Multifamily Finance team, led by Craig West, secured a fixed-rate, interest-only loan on behalf of Raia Capital Management. The loan was funded by Fannie Mae. The seller in the transaction was Waypoint Residential.
Completed in 2023, Mason Stuart is a 270-unit apartment community featuring a mix of one-bedroom, two-bedroom, and three-bedroom units. The property boasts a range of upscale amenities, including a resort-style pool, a 24-hour fitness center with a yoga and spin room, an outdoor gathering pavilion, a fenced dog park, and multi-purpose walking trails.
Strategically located, the community offers residents convenient access to local beaches, parks, shopping destinations, and key employment centers.
Craig West of Walker & Dunlop commented, “The property is strategically positioned to benefit from sustained rental demand and income growth within a rapidly expanding market characterized by limited supply.”
“}]]
