Walker & Dunlop Arranges $110 Million Refinance of Two Premier Multifamily Properties in Loveland, CO and Durham, NC

BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. announced today that it has successfully arranged $110 million to refinance two premier properties: Plat 4 at Research Triangle in Durham, North Carolina, and Plat 10 at the Ranch in Loveland, Colorado.

Both transactions were structured as floating rate, interest-only bridge loans, secured on behalf of Buckingham Companies. Walker & Dunlop’s New York Capital Markets, led by Sean Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Michael Ianno, and Stanley Cayre, arranged the transactions, with ACRE providing the capital to refinance the existing construction loans.

“Thank you to Buckingham Companies for their trust and partnership in refinancing these premier multifamily assets,” said Aaron Appel, senior managing director and co-head of New York Capital Markets at Walker & Dunlop. “Buckingham Companies is a leader in the multifamily development, management, and ownership space, with Plat 4 and Plat 10 being two of their latest successful multifamily projects to deliver.”

Plat 4 at Research Triangle

Plat 4 is a luxury, multifamily garden-style apartment complex located in the Durham District of North Carolina’s acclaimed Research Triangle Park. This six-building, amenity-rich enclave features 240 meticulously designed studio, one-, two-, and three-bedroom residences that blend modern sophistication with everyday comfort. Tucked away in a tranquil setting within the prestigious Research Triangle Park, Plat 4 offers a rare combination of seclusion and unparalleled connectivity. Its prime location combines both convenience and relaxation, being only eight minutes away from Raleigh Durham International Airport and nearby attractions, and two premier shopping centers offering over 170 stores.

Plat 10 at the Ranch

Plat 10 is a luxury, multifamily garden-style apartment complex located in Windsor, Colorado, just one hour north of Denver. Plat 10 features 353 high-end apartments spread across seven buildings, encompassing a total of 332,462 rentable square feet. Recently developed in Spring 2024, Plat 10 at the Ranch spans 8.4 acres and features with a host of amenities that cater to property’s tenant base. Plat 10 boasts an exceptional location in the rapidly expanding county of Windsor, just 45 minutes North of Denver International Airport and 20 minutes from Fort Collins. Residents enjoy access to 31 city parks, three public golf courses, and over 17 miles of trails in Loveland alone.

Walker & Dunlop is one of the top providers of capital to the U.S. multifamily market; in 2024 the firm originated over $30 billion in debt financing volume, including lending over $25 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry’s top developers, owners, and operators. To learn more about Walker & Dunlop’s broad financing options, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.