Walker & Dunlop Secures $110M Refinancing for Two Houston-Area Multifamily Properties
Event summary
- Walker & Dunlop arranged a $110M refinancing for 1879 at the Grid and Arc at the Grid, two Class A multifamily properties totaling 731 units in Stafford, Texas.
- The floating-rate, interest-only loan was secured from TPG Real Estate Credit, with Walker & Dunlop acting as exclusive advisor to Lone Star Funds.
- The properties, built in 2019 and 2020, are part of a 192-acre mixed-use development along the U.S. 90A corridor.
- In H1 2026, Walker & Dunlop’s Capital Markets team sourced over $13.9B from non-Agency capital providers, including nearly $9.6B for multifamily properties.
The big picture
This refinancing deal underscores the continued attractiveness of Class A multifamily properties in high-growth Texas markets, particularly those with strong infrastructure and employment centers. Walker & Dunlop’s ability to secure favorable terms for Lone Star Funds highlights the firm’s expertise in navigating non-Agency capital markets, a trend that has gained momentum as traditional lending sources become more constrained. The deal also reflects broader industry dynamics where institutional investors are increasingly looking to multifamily assets for stable, long-term returns.
What we're watching
- Market Demand
- How sustained demand in the Southwest Houston market will impact the valuation and refinancing terms of similar multifamily properties.
- Capital Flow
- Whether non-Agency capital providers will continue to favor multifamily properties in high-growth Texas markets.
- Execution Risk
- The pace at which Walker & Dunlop can close additional large-scale refinancing deals in the multifamily sector.