Walker & Dunlop Secures $356 Million Financing for Boston Area Multifamily Portfolio

The portfolio, which consists of 1,817 units and spans approximately 1.8 million rentable square feet, includes properties built between 1970 and 1974. These communities are strategically situated in some of New England’s most desirable suburban markets, including:

The financing was orchestrated by Walker & Dunlop Capital Markets, with senior managing director Craig West leading the initiative. The deal was supported by Freddie Mac, which provided the acquisition financing. This collaboration not only underscores the strength of Walker & Dunlop’s relationships in the capital markets but also reflects the confidence of lenders in the multifamily sector of New England.

Craig West commented on the evolving landscape of multifamily rentals in New England, stating, “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.” This sentiment captures the essence of the current market conditions, where suburban areas are becoming increasingly attractive for renters, potentially leading to sustained growth in occupancy rates and rental income.

Yisroel Berg, CEO of Multifamily at Harbor Group International, echoed these sentiments, emphasizing the company’s strategic positioning. He noted, “The Boston area continues to demonstrate strong multifamily fundamentals, a market where we already maintain a significant operating presence. With limited new supply near each property, we are well positioned to leverage our local expertise to sustain strong occupancy and execute targeted renovations.”

Walker & Dunlop has established itself as a leading provider of capital to the U.S. multifamily market. In 2024, the firm originated over $30 billion in debt financing volume, with more than $25 billion specifically allocated for multifamily properties. This recent financing deal further solidifies Walker & Dunlop’s reputation as a key player in the commercial real estate finance sector.

As the demand for multifamily housing continues to rise in suburban markets, Walker & Dunlop remains committed to providing innovative financing solutions that empower clients like Harbor Group International to capitalize on growth opportunities. For more information on their financing capabilities and services, interested parties are encouraged to explore the company’s website.

In summary, this acquisition financing not only marks a significant milestone for Walker & Dunlop and Harbor Group International but also highlights the ongoing strength and resilience of the multifamily rental market in New England.