Walker & Dunlop has secured a $105 million floating‑rate, interest‑only bridge loan to refinance Maeve, a 297‑unit luxury high‑rise community in Raleigh’s Warehouse District. The loan, arranged by TPG Real Estate Finance with Capital Square as the project sponsor, supports the newly delivered property, which was completed in 2025 and sits in an opportunity zone that offers tax incentives under the 2017 Tax Cuts and Jobs Act.
The refinancing includes more than 10,000 square feet of street‑level retail space and adds a significant loan to Walker & Dunlop’s capital‑markets portfolio. The firm’s strategy focuses on high‑quality, high‑yield multifamily assets, and this transaction underscores that emphasis by providing liquidity for a premium property in a competitive market.
In 2025, Walker & Dunlop’s Capital Markets team sourced over $22 billion from non‑Agency capital providers, nearly $16 billion of which was allocated to multifamily properties. The Maeve refinancing is a key addition to that portfolio and highlights the firm’s continued focus on large‑scale multifamily refinancing opportunities.
Walker & Dunlop’s Q1 2025 results showed revenue up 4% to $237.4 million and net income of $2.8 million, a 77% decline year‑over‑year, while Q4 2025 reported a net loss of $13.9 million. Despite these earnings fluctuations, the company’s transaction volume grew from $7 billion in Q1 to $18 billion in Q4, a 161% increase, reflecting strong market momentum amid a transition from higher rates and lower transaction activity earlier in the year.
Willy Walker, Chairman and CEO, noted that the firm began 2025 with improved transaction volumes and revenues, up 10% and 4% respectively from Q1 2024, as the market transitioned from higher rates to the next investment cycle. He added that the company closed 2025 with strong momentum, growing transaction volume each quarter from $7 billion to $18 billion, up 161%, indicating resilience and a continued focus on high‑quality assets.
The refinancing of Maeve demonstrates Walker & Dunlop’s ability to secure sizable financing for premium multifamily assets in a competitive market, reinforcing its position as a leading capital‑markets provider in the sector.
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