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Walker & Dunlop Arranges $356M in Financing for New England Apartment Portfolio
Walker & Dunlop, Inc. announced it has arranged $356,411,000 in financing for the acquisition of a four-property multifamily portfolio in Eastern Massachusetts and Rhode Island. The financing was secured on behalf of an affiliate of long-time client Harbor Group International. Freddie Mac provided the acquisition funding.
The portfolio includes a total of 1,817 residential units covering approximately 1.8 million rentable square feet. The properties, which were built between 1970 and 1974, are located in Marlborough, Worcester, and Bridgewater, Massachusetts, as well as Warwick, Rhode Island.
“The demand for multifamily rentals in New England’s suburban markets has grown steadily in recent years, fueled by strong population trends, job growth, and a resilient local economy,” said Craig West, Senior Managing Director of Capital Markets at Walker & Dunlop. “We are proud to support this acquisition, which represents a strategic opportunity for continued multifamily growth through this best-in-class partnership.”
Pictured: Royal Crest Marlboro Apartments, Marlborough, MA.
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