Walker & Dunlop Arranges $232.35 Million Fannie Mae Financing for Aspen Square Management's Five-Property Workforce Housing Portfolio

Walker & Dunlop, Inc. has arranged $232,352,000 in financing for a portfolio of five multifamily properties totaling 1,585 units across Arkansas and Florida on behalf of Aspen Square Management, the firm announced July 6, 2026.

The financing was structured as a single 10-year, fixed-rate, interest-only loan through a new Tier 3 Fannie Mae credit facility, collateralized by the five workforce housing communities. The portfolio consists primarily of workforce housing and includes one income-restricted affordable housing community.

Deal Structure and Team

Walker & Dunlop Capital Markets Real Estate Finance arranged the transaction on behalf of Aspen Square Management. Connor Locke, Harvey Pava, Brendan Coleman, and Skye Stansbury secured the financing.

"This transaction reflects the strength of our longstanding relationship with Aspen Square and Fannie Mae," said Connor Locke, managing director of Capital Markets Real Estate Finance at Walker & Dunlop. "By combining high-quality workforce housing with a customized credit facility, we delivered an accretive financing solution that supports Aspen Square's long-term investment strategy while helping preserve housing affordability across multiple markets."

The deal marks Aspen Square Management's 16th Fannie Mae credit facility overall and its eighth completed with Walker & Dunlop, underscoring the depth of the relationship among the borrower, lender, and financing team.

Portfolio and Asset Profile

The five-property portfolio spans two states — Arkansas and Florida — and totals 1,585 multifamily units. Walker & Dunlop describes the collateral as "five quality workforce housing communities," with one of the properties carrying income restrictions. Specific property names, addresses, and per-asset unit counts were not disclosed in the announcement.

The single cross-collateralized credit facility structure consolidates financing across the five assets into one facility. The full-term interest-only feature preserves near-term cash flow.

Walker & Dunlop's Agency Lending Position

Walker & Dunlop reported that it was recognized as the largest Fannie Mae DUS® lender by volume for the seventh consecutive year in 2025 and originated nearly $19 billion in Agency volume that year.

Sources

Walker & Dunlop — $232 Million Financing for Workforce Housing Portfolio (July 6, 2026)