Walker & Dunlop Arranges $128.23 Million Fannie Mae Refinancing for 986-Unit Eugene Multifamily Portfolio

Walker & Dunlop has arranged $128.23 million in refinancing for a four-property, 986-unit multifamily portfolio in Eugene, Oregon, the firm announced June 24. The transaction utilized Fannie Mae's Streamline Early Rate Lock program, locking rates on all four loans just 25 days after receipt of a signed application.

Portfolio Overview

The refinancing covers four multifamily communities located throughout Eugene. The portfolio includes River Terrace (280 units), Parkside (254 units), The Bailey at Amazon Creek (252 units), and Crescent Park (200 units), totaling 986 units across the four properties. Walker & Dunlop Capital Markets Real Estate Finance arranged the transaction on behalf of an experienced local client.

Steven Natale, managing director of Capital Markets Real Estate Finance at Walker & Dunlop, led the transaction. "We continue to see strong demand for well-located multifamily communities that offer a compelling combination of affordability, operational stability, and long-term market fundamentals," Natale said in a statement. "This portfolio benefits from strong occupancy, attainable rent levels, and favorable supply dynamics within one of the Pacific Northwest's most stable multifamily markets."

Fannie Mae SRL Program

The transaction utilized Fannie Mae's Streamline Early Rate Lock program, which allows borrowers to lock interest rates early in the loan processing cycle. Walker & Dunlop noted that speed to rate lock is especially critical in the current volatile rate environment, and the SRL program allows clients to reduce transactional risk early in the loan process.

Walker & Dunlop was recognized as the largest Fannie Mae DUS® lender by volume in 2025 and originated nearly $19 billion in Agency volume that year, according to the firm.

Eugene Market Fundamentals

Walker & Dunlop cited several demand drivers supporting the Eugene multifamily market. According to the firm, the market benefits from steady household formation supported by relative affordability, the University of Oregon's stable employment base, and access to outdoor recreation amenities throughout the region. The firm also noted that limited new supply deliveries have contributed to tightening vacancy rates and sustained rental demand across the market.

Sources

Walker & Dunlop: Walker & Dunlop Arranges $128 Million Refinancing for a Four Property Multifamily Portfolio in Oregon