Walker & Dunlop Secures $91M Loan for Vallejo Apartments
Walker & Dunlop said Thursday it arranged $91.45 million in loan proceeds to refinance Blue Rock Village, a 560-unit, Class-B, garden-style multifamily property located in Vallejo. Walker & Dunlop Multifamily Finance’s Bryan Frazier and Blake Hockenbury arranged the loan on behalf of long-term client Prime Residential. The team secured a 10-year, full-term interest-only loan at a fixed rate from Freddie Mac.
“This transaction not only strengthens the asset’s long-term financial position—it reflects a relationship built on trust, performance, and shared vision,” said Frazier. “We would like to thank Prime for continuing to put their confidence in our team. It’s an honor to support their continued success.”
Blue Rock Village was developed in two phases, but now functions as a unified, cohesive residential community. The property consists of 41 buildings, 38 of them residential, situated on 35.69 acres. Residents have access to a spa, swimming pools, dog parks and other amenities.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout