Walker & Dunlop Secures $630M Fannie Mae Refinancing for IMT’s Multifamily Portfolio
Event summary
- Walker & Dunlop arranged $630.6M in fixed-rate loans from Fannie Mae to refinance nine multifamily properties for IMT Capital.
- The refinancing closed between May 1 and September 1, 2026, with each loan structured as a five-year, fixed-rate loan with full-term interest-only payments and a 35-year amortization.
- The portfolio includes 3,528 units across six states: Florida, Arizona, Texas, Colorado, California, and Tennessee.
- Walker & Dunlop originated nearly $10B in Agency volume in the first half of 2026.
The big picture
This transaction underscores Walker & Dunlop’s ability to coordinate large-scale, geographically diverse portfolio financings, a capability increasingly valuable in a fragmented multifamily market. The deal also highlights Fannie Mae’s role as a key capital provider, particularly for stabilized multifamily assets. With nearly $10B in Agency volume originated in the first half of 2026, Walker & Dunlop is positioning itself as a dominant player in the multifamily refinancing space.
What we're watching
- Execution Risk
- Whether Walker & Dunlop can sustain its high-volume origination pace amid potential market volatility.
- Market Dynamics
- How the pace of multifamily refinancing will affect property valuations and investor sentiment.
- Capital Strategy
- The extent to which IMT Capital leverages this refinancing to expand its portfolio or optimize its capital structure.