Walker and Dunlop Arranges Financing for Five Property Workforce Housing Portfolio in Arkansas and Florida

Walker & Dunlop has arranged $232,352,000 in financing for a five-property multifamily portfolio totaling 1,585 units across Arkansas and Florida. The portfolio is composed primarily of workforce housing and includes one income-restricted affordable 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 financing marks Aspen Square’s 16th Fannie Mae credit facility and its eighth completed with Walker & Dunlop, underscoring an ongoing collaboration between borrower, lender, and the financing team.

For operators and investors in multifamily, this transaction illustrates the role of tailored capital solutions in supporting portfolio-level strategies. A 10-year fixed-rate, interest-only structure can provide predictable debt service and short-term cash flow flexibility, while a Tier 3 Fannie Mae credit facility can be suited to portfolios that include workforce and income-restricted properties. Capital markets execution remains a critical component in sustaining asset performance and preserving housing options for residents across diverse markets.

Multifamily Leadership will continue to track how credit innovations and strategic lender partnerships are mobilized to support the preservation and management of workforce and affordable housing within the apartment sector.