Walker & Dunlop arranged a $47.7 million acquisition loan to finance Mason Stuart, a Class A mid-rise style multifamily property located at 4585 SE Federal Hwy in Stuart, Florida.
The W&D Multifamily Finance team led by Craig West arranged a fixed-rate, interest-only loan on behalf of Raia Capital Management. Fannie Mae provided the capital. Waypoint Residential was the seller.
Mason Stuart is a 2023-vintage, 270-unit apartment community offering 1-bedroom, 2-bedroom and 3-bedroom units. Amenities include a pool, 24-hour fitness center with a yoga and spin room, an outdoor gathering pavilion, a fenced dog park and multi-purpose walking trails.
The property offers access to beaches, parks, shopping and major employment centers.
Walker & Dunlop’s Craig West added, “The property is strategically positioned to benefit from sustained rental demand and income growth within a rapidly expanding market characterized by limited supply.”
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