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**Walker & Dunlop Arranges $96.7M Refinance for Louisville Multifamily Portfolio**
Walker & Dunlop has secured $96.7 million in financing to recapitalize a portfolio of three newly constructed multifamily communities, totaling 640 units, in Louisville, Kentucky.
The refinancing was arranged by Walker & Dunlop Capital Markets on behalf of Highgates Group. Jonathan Zilber, Joel Chetner, and Josh Geller facilitated the deal, securing three floating-rate, interest-only loans from an institutional lender. The loan proceeds will be used to repay existing debt, cover closing costs, and return capital to investors.
“Our team arranged the transactions across properties at different stages of completion and lease-up, each requiring a tailored capital solution,” said Jonathan Zilber.
The portfolio includes:
– **Belmond Flats** – 240 units
– **Cedar Creek Flats** – 168 units
– **Glengrove Apartments** – 232 units
These properties are strategically located to benefit from Louisville’s central location, affordable cost of living, and well-developed transportation infrastructure.
“Louisville’s growing economy and diverse employment base continue to support strong demand for quality multifamily housing across income levels,” said Joseph Waldman of Highgates Group.
For those interested in learning more about current trends in the multifamily space, join industry leaders on the afternoon of Tuesday, June 2, 2026, at Joe’s Live in Rosemont, IL, for the Connect Midwest Multifamily Trends conference.
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