Walker and Dunlop Arranges Two Hundred Thirty Two Million Three Hundred Fifty Two Thousand Dollars in Financing for Five Workforce Multifamily Properties in Arkansas and Florida

Walker & Dunlop arranged $232,352,000 in financing for a portfolio of five multifamily properties totaling 1,585 units located in Arkansas and Florida. The portfolio is composed primarily of workforce housing and includes one income-restricted affordable housing community.

Walker & Dunlop Capital Markets Real Estate Finance arranged the financing on behalf of long-time client Aspen Square Management. Connor Locke, Harvey Pava, Brendan Coleman, and Skye Stansbury secured 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.

"This transaction reflects the strength of our longstanding relationship with Aspen Square and Fannie Mae," said Connor Locke, managing director of Capital Markets Real Estate Finance at Walker & Dunlop. "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."

The deal marks Aspen Square's 16th Fannie Mae credit facility and its eighth completed with Walker & Dunlop, underscoring the recurring use of agency credit structures by operators focused on workforce and income-restricted properties. A 10-year, fixed-rate, interest-only facility of this type can offer financing predictability and short-term cash flow flexibility, features that operators commonly use to align capital structures with asset management and capital expenditure plans.

For stakeholders tracking multifamily capital flows, this financing illustrates continued activity in agency-backed debt for workforce housing, and the role of tailored credit facilities in supporting ownership strategies that include preservation of affordability.

Multifamily Leadership monitors transactions that influence innovation, operations, and investment strategies across the sector. We will continue to highlight capital solutions and partnerships that shape the multifamily landscape and support housing options for working households.