Harbor Group Secures $356M Financing for New England Apartment Portfolio

Harbor Group Secures $356M Financing for New England Apartment Portfolio
News| October 8, 2025| Paul Bubny
Boston & New England + Apartment Buildings

Walker & Dunlop, Inc. said Wednesday it arranged $356,411,000 in financing for the acquisition of four properties in eastern Massachusetts and Rhode Island. A Walker & Dunlop Capital Markets team led by Craig West arranged the portfolio financing on behalf of an affiliate of longtime client Harbor Group International, with Freddie Mac providing acquisition financing. 

The portfolio comprises 1,817 units and approximately 1.8 million rentable square feet across four communities. Built between 1970 and 1974, the properties are located in Marlborough, Worcester and Bridgewater, MA, as well as Warwick, RI.

“The demand for multifamily rentals in New England’s suburban markets has grown steadily in recent years, fueled by strong population trends, job growth, and a resilient local economy,” said West, senior managing director, Capital Markets at Walker & Dunlop. “We are proud to support this acquisition, which represents a strategic opportunity for continued multifamily growth through this best-in-class partnership.”

Pictured: Royal Crest Marlboro apartments, Marlborough, MA.

Other News

Refinancing Multifamily Borrowers Face 41% Increase in Interest Rates

Apartment Buildings

Multifamily borrowers with maturing loans face a significantly higher interest rate environment to refinance, with Newmark reporting a 41% increase in interest costs. Loans maturing in the third quarter of 2026 carried an average interest rate of 4.04%, compared with the current 5.69% for new loans. At the same time, cap rates have averaged 5.5%,...

Learn more

Seattle Social Housing Developer to Buy West Seattle Apartments for $68M

Seattle & Northwest + Apartment Buildings

The Seattle Social Housing Developer (SSHD) announced its second acquisition, a six-story building with nearly 200 homes in the heart of West Seattle.  The Developer’s Board approved the acquisition, and SSHD plans to buy Youngstown Flats for about $68 million. In addition, the current owner of Youngstown Flats recently allowed an affordability program to lapse...

Learn more

Charlotte Library Razed, 300 Apartment Units on Way

Atlanta & Southeast + Apartment Buildings

Northwood Ravin demolished a dated Charlotte public library in order to make way for a 300-unit apartment development. The Charlotte Business Journal reports the plan is to include 21,400 square feet of retail as well. The 4.5-acre south-end property is at 101 Scaleybark Road. The retail component is part of a larger mixed-use development that...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up