Latest news with #MarkGrace
Yahoo
27-05-2025
- Business
- Yahoo
Walker & Dunlop Arranges $87 Million Financing for La Costa's Largest Community
BETHESDA, Md., May 27, 2025--(BUSINESS WIRE)--Walker & Dunlop, Inc. announced today that it arranged the $87.2 million acquisition financing for Santa Fe Ranch Apartments, a 320-unit garden-style conventional multifamily property in the coastal submarket of La Costa, California. Walker & Dunlop Capital Markets led by Mark Grace and John Montakab arranged the interest-only, fixed-rate loan on behalf of an institutional investment group, with Freddie Mac providing the capital. Santa Fe Ranch is a 1987-vintage, 320-unit multifamily community situated on 20 acres in one of San Diego County's most desirable and supply-constrained areas. The property offers a mix of spacious 1- and 2-bedroom units and features an attractive amenity package that includes a resort-style pool and spa, updated fitness center, business lounge, BBQ/picnic areas, and a dog park, appealing to the area's active, lifestyle-oriented renter demographic. As the largest community in La Costa and the third largest in all of Carlsbad, Santa Fe Ranch offers walkable access to top-rated schools, retail, dining, and outdoor amenities like Stagecoach Park. With direct access to major employment hubs and proximity to one of San Diego's strongest rent growth markets, the property's prime location and affluent tenant base position it for long-term value. "Santa Fe Ranch is a standout asset in Carlsbad, held by the seller for many years. Our client is acquiring a rare value-add opportunity in a prime, supply-constrained market where new development is extremely limited, highlighting the long-term growth and strategic potential of this property," said Mark Grace, senior managing director of Capital Markets at Walker & Dunlop. Walker & Dunlop is a leader in multifamily property sales, having completed over $57 billion in property sales volume since 2021. The firm is also one of the top providers of capital to the U.S. multifamily market. In 2024, Walker & Dunlop originated over $30 billion in debt financing volume, and sourced over $16 billion from non-Agency capital providers, including lending over $25 billion for multifamily properties. 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. View source version on Contacts Investors: Kelsey DuffeyInvestor RelationsPhone 301.202.3207investorrelations@ Media: Nina H. von WaldeggVP, Public RelationsPhone 301.564.3291nhvwaldegg@ Phone 301.215.55007272 Wisconsin Avenue, Suite 1300Bethesda, Maryland 20814 Error while retrieving data Sign in to access your portfolio Error while retrieving data
Business Wire
27-05-2025
- Business
- Business Wire
Walker & Dunlop Arranges $87 Million Financing for La Costa's Largest Community
BETHESDA, Md.--(BUSINESS WIRE)-- Walker & Dunlop, Inc. announced today that it arranged the $87.2 million acquisition financing for Santa Fe Ranch Apartments, a 320-unit garden-style conventional multifamily property in the coastal submarket of La Costa, California. Walker & Dunlop Capital Markets led by Mark Grace and John Montakab arranged the interest-only, fixed-rate loan on behalf of an institutional investment group, with Freddie Mac providing the capital. Santa Fe Ranch is a 1987-vintage, 320-unit multifamily community situated on 20 acres in one of San Diego County's most desirable and supply-constrained areas. The property offers a mix of spacious 1- and 2-bedroom units and features an attractive amenity package that includes a resort-style pool and spa, updated fitness center, business lounge, BBQ/picnic areas, and a dog park, appealing to the area's active, lifestyle-oriented renter demographic. As the largest community in La Costa and the third largest in all of Carlsbad, Santa Fe Ranch offers walkable access to top-rated schools, retail, dining, and outdoor amenities like Stagecoach Park. With direct access to major employment hubs and proximity to one of San Diego's strongest rent growth markets, the property's prime location and affluent tenant base position it for long-term value. 'Santa Fe Ranch is a standout asset in Carlsbad, held by the seller for many years. Our client is acquiring a rare value-add opportunity in a prime, supply-constrained market where new development is extremely limited, highlighting the long-term growth and strategic potential of this property,' said Mark Grace, senior managing director of Capital Markets at Walker & Dunlop. Walker & Dunlop is a leader in multifamily property sales, having completed over $57 billion in property sales volume since 2021. The firm is also one of the top providers of capital to the U.S. multifamily market. In 2024, Walker & Dunlop originated over $30 billion in debt financing volume, and sourced over $16 billion from non-Agency capital providers, including lending over $25 billion for multifamily properties. 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.
Fox News
01-04-2025
- Sport
- Fox News
Carson Kelly becomes first Cubs player in 32 years to hit for cycle in win over the Athletics
Chicago Cubs catcher Carson Kelly hit for the cycle during the team's 18-3 rout over the Athletics Monday night at Sutter Health Park. Kelly, 30, hit a home run in the fourth inning and a two-run single in the fifth inning and doubled and walked in the sixth inning. He had been a triple away from a cycle a few times before, and he knew the odds were stacked against him for getting the elusive triple. "I've been in this same position before where I needed a triple for the cycle. If anybody's ever looked up my numbers, I have two triples, so odds are not in my favor, right?" Kelly said after the game. "I didn't get it done the first time. This time I'm like, 'Oh, I'm just going to put a good at-bat together.' Hit it, like, 'Oh yeah, pretty good.' Then I hit (first base) and saw it ricochet, and I was like, 'Oh boy, this is it right here, I gotta go.' That's probably the fastest you'll ever see me run." With the eighth-inning triple, Kelly became the first Cubs player since Mark Grace to hit for the cycle. The former first baseman did it May 9, 1993, against the San Diego Padres. Kelly is the first Cubs catcher to hit for the cycle since Randy Hundley did it Aug. 11, 1966. Kelly said he knows Grace. "I know Mark Grace, too, in Arizona. I'll have to hit him up," Kelly said. "Pretty special. Great accomplishment. Something I never thought I would get. I'm just very fortunate and blessed. A lot of hard work, a lot of great teammates pumping me up. So, all in all, just a very special night." Kelly also became just the third major leaguer to hit for the cycle and walk twice in the same game. Joe Gordon did it for the New York Yankees in 1940, and Mickey Cochrane did it in 1937 for the Philadelphia A's. While Kelly knew he was going for the cycle, his manager, Craig Counsell, did not. "I didn't realize he had a chance at a cycle, but when that ball kicked off the wall, the dugout started going crazy. So, I figured something was going on," Counsell said. "They're fun days, they're rare days and they're once-in-a-lifetime-type days for players." The Kansas City Royals now hold the longest stretch without a cycle. Franchise legend George Brett was the last Royal to hit for the cycle July 25, 1990, against the Toronto Blue Jays. The Cubs (3-4) play the Athletics (2-3) Tuesday at 10:05 p.m. ET in the second game of their three-game series. Follow Fox News Digital's sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.
