Walker & Dunlop has arranged a $46.5M loan to refinance River Junction, a multifamily community in Leander, Texas.
The Walker & Dunlop Capital Markets Real Estate Finance team led by Patrick Short and Clay Colvill arranged the floating-rate, interest-only bridge loan provided by Bridge Investment Group on behalf of an institutional client.
The garden-style multifamily community features 329 Class A apartment homes, including 17 town homes, across 15 residential buildings with one-, two-, and three-bedroom floor plans. Community amenities include a resort-style pool, fitness center, clubhouse, coworking space, pet park, BBQ areas, and detached garages and carports.
Located at 116 Talon Grasp Trail, Leander, TX 78641 and completed in 2024, River Junction is strategically located in one of the fastest-growing corridors within the Austin MSA, offering convenient access to North Austin’s technology corridor, major employers, healthcare facilities, and regional retail destinations.
The property benefits from accelerating occupancy as employment growth, led by the semiconductor industry and data center development, continues to drive demand for high-quality multifamily housing in the submarket.
“River Junction is well positioned to capitalize on the continued growth of North Austin, where strong employment fundamentals and renter demand are supporting new Class A communities. We arranged financing accretive to the borrower’s business plan, not only providing term flexibility but also supportive of property operations through stabilization. We are grateful to our client for the opportunity and Bridge Investment Group for their partnership on this transaction.”
