Benefit Street Partners Funds $117.3M Refi on 3 Texas Rental Assets
Walker & Dunlop arranged $117.3 million to refinance three Class A multifamily communities totaling 960 units across the Austin and Dallas-Fort Worth metropolitan areas in Texas. Greystar manages all three properties.
Walker & Dunlop Capital Markets Institutional Advisory served as exclusive advisor, arranging the $117.3 million financing provided by Benefit Street Partners. Jordan Casella, Aaron Appel, Adam Schwartz, Jonathan Schwartz, Keith Kurland, Christopher de Raet, and Nicholas Gilhooley arranged the floating-rate, interest only loans.
The properties include:
- Austin Avenue: Located in Georgetown, Texas, the 312-unit community was completed in 2022.
- Aven Ridge: Located in Leander, Texas, the 312-unit community was completed in 2021.
- Latitude Magnolia: Located in Aubrey, Texas, within the Dallas-Fort Worth metropolitan area, the 336-unit community was completed in 2021
Georgetown and Leander have grown 58.5% and 53.8%, respectively, since 2020, while four of the nation’s five fastest-growing cities in 2025 were located in the Dallas-Fort Worth metropolitan area.
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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