Walker & Dunlop Secures $105M Refinancing for Raleigh Luxury High-Rise in Opportunity Zone
Event summary
- Walker & Dunlop arranged a $105 million floating-rate, interest-only bridge loan to refinance Maeve, a 297-unit luxury high-rise in Raleigh’s Warehouse District.
- The loan was secured for longtime client Capital Square, with TPG Real Estate Finance as the lender.
- Maeve is located in an Opportunity Zone, providing tax advantages alongside strong market positioning.
- The property completed in 2025 and has received multiple industry recognitions for design and construction.
The big picture
Walker & Dunlop’s ability to secure this refinancing highlights the firm’s expertise in navigating complex capital structures, particularly in markets with high new supply. The deal underscores the continued appeal of Opportunity Zone investments, which offer tax incentives alongside strong market fundamentals in growing cities like Raleigh. With over $22 billion sourced from non-Agency capital providers in 2025, Walker & Dunlop remains a key player in commercial real estate finance, particularly in the multifamily sector.
What we're watching
- Opportunity Zone Dynamics
- How the tax advantages of Opportunity Zones will continue to influence investment in designated low-income communities.
- Market Stabilization
- Whether Maeve can sustain high occupancy and rental rates amid elevated new supply in Raleigh’s luxury multifamily market.
- Capital Markets Trends
- The pace at which non-Agency capital providers will continue to fund multifamily refinancing deals in competitive markets.
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