Walker & Dunlop Secures $87M Bridge Loan for Richmond Multifamily…

Event summary

Walker & Dunlop arranged $86.5M bridge financing for Chasen, a 352-unit multifamily property in Richmond's Scott’s Addition neighborhood.
The loan was secured on behalf of Capital Square through a private credit lender with variable-rate, interest-only terms.
Chasen, completed in early 2026, is located in a Qualified Opportunity Zone and features 5,000+ sq. ft. of retail space and extensive amenities.
Walker & Dunlop’s Capital Markets team has sourced over $13.9B from non-Agency capital providers in the first half of 2026, with nearly $9.6B for multifamily properties.

The big picture

Walker & Dunlop’s $87M bridge loan for Chasen underscores the firm’s growing role in securing non-Agency financing for multifamily properties, particularly in high-growth urban neighborhoods. The deal reflects broader trends in real estate investment, where developers leverage tax incentives like Qualified Opportunity Zones to fund projects in emerging markets. With $13.9B sourced from non-Agency capital providers in 2026, Walker & Dunlop is positioning itself as a key advisor in the evolving commercial real estate finance landscape.

What we're watching

Market Demand: How Richmond’s Scott’s Addition neighborhood will sustain rental demand for Chasen amid broader multifamily market trends.
Execution Risk: Whether Capital Square can maintain occupancy and stabilize cash flow as Chasen builds its operating history.
Regulatory Impact: The pace at which Qualified Opportunity Zone incentives will influence future investments in similar properties.