IMT Capital Lands $631M Refi as Large-Scale Deals in Multifamily Continue
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IMT Capital has refinanced a nine-property multifamily portfolio in the Sun Belt for $630.62 million. For Walker & Dunlop, which put together the deal on behalf of the real estate investment firm, it shows its continued flexibility in today's environment for large-scale portfolios in the sector.
The latest financing comes via fixed-rate loans from Fannie Mae, which all closed between May 1 and September 1. Each loan features a five-year term with full interest-only payments and a 35-year amortization.
The portfolio is located in six states, including Arizona, Texas, Colorado, California, Tennessee and Florida. A total of 3,528 units are included.
Walker & Dunlop's Cory Wizenberg, Matt Wallach, Stephen West, Walker Layne, AJ Wright and Sebastian Tamayo led the efforts to work the refinancing on behalf of IMT and collaborating with Fannie Mae.
Large-Scale Deals From IMT & Walker & Dunlop
This marks at least the second major refinancing between IMT and Walker & Dunlop in recent months in the multifamily sector.
In fact, the other deal, announced in November 2025, was also in the Sun Belt. The 3,096-unit property in California, Georgia, Tennessee and Colorado secured a $625.3 million package across multiple fixed-rate loans.
Also, Walker & Dunlop continues to put together deals in the nine-figure range. Last week, for example, it arranged a $170.51 million refinancing for The Olnick Organization's 1,696-unit residential property in Harlem.
Another major deal in the past month was arranging a $238 million bridge loan for a community in Miami-Dade County's Doral neighborhood.
"This transaction demonstrates our ability to coordinate large-scale portfolio financings across multiple markets while delivering consistent terms for our clients," said Wallach, managing director of capital markets real estate finance at Walker & Dunlop, following the latest IMT deal.
"Working alongside IMT Capital and Fannie Mae, we were able to execute multiple financings while providing a structure tailored to IMT's broader portfolio strategy."
For IMT, the firm said it remains focused on investing in high-quality multifamily product while keeping capital structure flexibility. Its portfolio includes over 55 communities and more than 19,000 apartment units.
During the first half, Walker & Dunlop recorded $10 billion in total agency volume.
Source: GlobeSt/ALM