Walker & Dunlop Arranges $1.72 Billion Financing for Starwood Capital Group

Walker & Dunlop, Inc. announced today that it originated $1.719 billion in loan proceeds to refinance 12,955 predominantly workforce and affordable housing units in 52 assets across 10 states for Starwood Capital.

“This significant portfolio financing reflects Walker & Dunlop's ability to structure and execute large-scale financing solutions for the world's largest and most sophisticated institutional clients," said Walker & Dunlop Chairman and CEO Willy Walker. "Financings of this size and complexity require a coordinated and collaborative team of bankers and underwriters. Led by senior managing director Dustin Stolly, the Walker & Dunlop team, working with Freddie Mac, executed flawlessly.” Walker continued, “We are grateful for the trust Starwood placed in our team to deliver this refinancing, positioning the Strata Portfolio for sustained performance and continued long-term success.”

Walker & Dunlop Capital Markets Institutional Advisory arranged the transaction on behalf of Starwood Capital’s Starwood Real Estate Income Trust (SREIT), which acquired the properties in 2021. Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Michael Stepniewski, and Michael Ianno originated the 10-year Freddie Mac loans.

“Starwood is proud to own and support workforce housing communities,” said Jonathan Pollack, president of Starwood Capital. “With a large majority of units in high-growth, high-migration markets, we believe the fundamentals are strong for the long term for our lenders and investors. We appreciate Walker & Dunlop's partnership in delivering this financing from Freddie Mac.”

Walker & Dunlop is one of the top providers of capital to the U.S. multifamily market; in 2025 the firm originated nearly $19 billion in Agency volume. To learn more about our capabilities and financing options, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.

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