Walker & Dunlop Arranges $630.6 Million Fannie Mae Refinance for IMT Capital Multifamily Portfolio

Walker & Dunlop announced today that it has arranged $630,618,000 in fixed-rate loans from Fannie Mae to refinance nine multifamily properties across six states on behalf of IMT Capital. The portfolio totals 3,528 units in Florida, Arizona, Texas, Colorado, California and Tennessee.

Fannie Mae Refinance Structure and Timeline

The financings closed between May 1 and Sept. 1, 2026. Each was structured as a five-year, fixed-rate loan with full-term interest-only payments and a 35-year amortization schedule. The firm said the consistent structure gave IMT Capital long-term flexibility across a geographically diverse portfolio while Walker & Dunlop coordinated nine separate transactions over a four-month period.

The aggregate loan amount equates to approximately $178,752 per unit, based on 3,528 units. The figure is a financing metric rather than a valuation or purchase price.

Walker & Dunlop Capital Markets Team

Walker & Dunlop's Capital Markets Real Estate Finance group refinanced the existing loans. The team was led by Cory Wizenberg, Matt Wallach, Stephen West, Walker Layne, AJ Wright and Sebastian Tamayo. The firm said it worked closely with Fannie Mae to execute the portfolio financings.

"This transaction demonstrates our ability to coordinate large-scale portfolio financings across multiple markets while delivering consistent terms for our clients," said Wallach, managing director of Capital Markets Real Estate Finance at Walker & Dunlop. "Working alongside IMT Capital and Fannie Mae, we were able to execute multiple financings while providing a structure tailored to IMT's broader portfolio strategy."

IMT Capital Portfolio Strategy

The portfolio includes nine multifamily communities. Andrew Wizenberg, managing director at IMT Capital, said the financings reflect the company's focus on its capital structure and multifamily investments.

"Executing these financings across a geographically diverse portfolio reflects our continued focus on optimizing our capital structure while investing in high-quality multifamily communities," Wizenberg said. "Walker & Dunlop's expertise and relationship with Fannie Mae were instrumental in efficiently executing these transactions while achieving consistent terms across the portfolio."

Agency Lending Context

Walker & Dunlop said it originated nearly $10 billion in Agency volume in the first half of 2026. The $630.618 million IMT Capital refinancing equals approximately 6.3% of that figure.

The loan terms give the borrower fixed-rate debt and interest-only payments through the five-year term, which reduces scheduled debt service compared with amortizing debt. The five-year maturity means the loans come due in 2031. The portfolio's spread across six states exposes it to different supply pipelines, rent-growth patterns, insurance costs and property-tax regimes.

Walker & Dunlop (NYSE: WD) describes itself as one of the largest commercial real estate finance and advisory services firms in the United States and internationally.

Sources

Walker & Dunlop, "Walker & Dunlop Arranges $630 Million Refinance for IMT Portfolio": https://www.walkerdunlop.com/news/630-million-refinance-for-imt-portfolio