Walker & Dunlop Arranges $128.5 Million Multifamily Financing for The Arno in Houston's River Oaks

Walker & Dunlop, Inc. has arranged $128.5 million in acquisition financing for The Arno, a 168-unit luxury multifamily community located in Houston's River Oaks neighborhood, the firm announced May 18.

Walker & Dunlop Capital Markets Institutional Advisory arranged the transaction on behalf of borrower SADE Real Estate. Capital was provided by Hudson Bay Capital, a global alternative asset manager.

Deal Structure and Key Parties

The financing team at Walker & Dunlop was led by Sean Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, and Sean Bastian.

Yoni Sade, chairman and CEO of Sade Real Estate, said the financing structure aligns with the asset's long-term vision. "Walker & Dunlop and Hudson Bay Capital understood both the vision and unique positioning of the asset, helping us secure a financing structure that supports the development," Sade said.

Zachary Cion, managing director at Hudson Bay Capital, described The Arno as a standout opportunity. "As we continue to pursue differentiated investments across compelling asset classes and submarkets, The Arno stands out as a highly attractive financing opportunity," Cion said. "We are pleased to partner with Yoni, the Sade Capital team, and Walker & Dunlop to help advance their vision."

Property Overview: The Arno in River Oaks

The Arno is a 168-unit luxury residential community situated in Houston's River Oaks neighborhood. The property offers walkable access to River Oaks Shopping Center, Highland Village, and Central Market, and provides connectivity to Uptown Houston, Downtown Houston, and the Texas Medical Center.

Reimer, senior managing director of Capital Markets Institutional Advisory at Walker & Dunlop, pointed to the neighborhood's structural characteristics as central to the deal's appeal. "River Oaks remains one of the most supply-constrained luxury residential markets due to long-term household wealth, limited land availability, and sustained demand for high-end residential product," Reimer said. "The property's scale, luxury positioning, and highly curated amenity package align with the evolving preferences of affluent buyers seeking privacy, convenience, and a hospitality-driven residential experience within one of Houston's most established neighborhoods."

Market Context: Houston Multifamily and River Oaks Fundamentals

"The combination of River Oaks' long-term fundamentals, Houston's continued population growth, and highly selective development activity continues to reinforce the neighborhood's exclusivity and long-term value," Sade said.

The financing was arranged through Walker & Dunlop's non-agency capital markets platform. The firm reported that in 2025, its Capital Markets team sourced more than $22 billion from non-agency capital providers, including nearly $16 billion directed toward multifamily properties.

Walker & Dunlop's Capital Markets Platform

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States. The firm's Capital Markets Institutional Advisory group arranges financing across a range of property types and mandates.

Sources

Walker & Dunlop: Walker & Dunlop Arranges $128.5 Million Financing for The Arno in Houston's River Oaks (May 18, 2026)