Walker & Dunlop Arranges $105 Million Loan to Refinance Luxury Raleigh Community

BETHESDA, Md.--(BUSINESS WIRE)--Apr 20, 2026--

Walker & Dunlop, Inc. announced today that it arranged a $105 million loan to refinance Maeve, a newly delivered 297-unit luxury high-rise community located in an opportunity zone in the heart of Raleigh’s Warehouse District. The Economic Opportunity Zone census tract is a program established by Congress through the Tax Cuts and Jobs Act of 2017 to encourage long-term investment in designated low-income communities through incentives such as deferred or reduced capital gains taxes.

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Walker & Dunlop Capital Markets Real Estate Finance arranged the refinance on behalf of longtime client, Capital Square. Alexandra Huffman, Justin Nelson, and PJ Feichtmeier arranged the floating-rate, interest-only bridge loan with TPG Real Estate Finance.

“This transaction highlights several unique aspects, including Maeve’s institutional-quality design, early lease-up profile, and an Opportunity Zone equity structure inclusive of preferred equity,” said Huffman, managing director of Capital Markets Real Estate Finance at Walker & Dunlop. “Executing a refinance while maintaining preferred equity in the capital stack required a thoughtful capital solution, particularly in a market navigating elevated new supply. We’re pleased to partner with Capital Square and TPG Real Estate Finance to position this asset for continued stabilization and long-term success.”

Completed in 2025, Maeve features 297 apartment homes and more than 10,000 square feet of street-level retail space. The community offers studio and one- to three-bedroom residences and a full suite of amenities, including a resort-style pool, rooftop lounge, coworking spaces and golf simulator. Maeve has received three notable industry recognitions, including Engineering News-Record Southeast’s 2025 Best Projects Competition Award, Downtown Raleigh Alliance’s 2025 Imprint Award and recognition in Architectural Record as a Record Interiors 2026 honoree.

“Maeve represents the type of high-quality, well-located asset we seek in markets with strong long-term fundamentals,” said Natalie Mason, executive vice president and co-head of Development at Capital Square. “Raleigh continues to benefit from sustained population growth and economic expansion, driving consistent renter demand. Maeve’s location within a designated Opportunity Zone was also a key component of our investment thesis, providing meaningful tax advantages alongside the property’s strong market positioning.”

Positioned at the nexus of the Boylan Heights neighborhood, Dorothea Dix Park and downtown Raleigh, Maeve is among the few luxury apartment communities in the downtown submarket. The property offers walkable access to entertainment venues, restaurants, cultural landmarks and major employers. Its proximity to U.S. Route 70 also provides convenient connectivity to the Research Triangle and several nationally recognized universities, including Duke University, the University of North Carolina at Chapel Hill and North Carolina State University.

In 2025, Walker & Dunlop’s Capital Markets team sourced over $22 billion from non-Agency capital providers, including nearly $16 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry’s top developers, owners, and operators. To learn more about Walker & Dunlop’s broad 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.

Maeve. Photo Credit: Capital Square

TOKYO (AP) — A powerful earthquake struck off the northern Japanese coast, and the Japan Meteorological Agency issued a tsunami alert in the region, sending residents to rush over to safer grounds. So far, no major injuries or damages have been reported.

The quake registering a preliminary magnitude of 7.5 occurred off the coast of Sanriku in northern Japan at around 4:53 p.m. (0753 GMT), at a depth of about 10 kilometers (6 miles), the agency said.

A tsunami of about 80 centimeters (2.6 feet) was detected at the Kuji port in the Iwate prefecture within one hour of the quake, and a smaller tsunami of 40 centimeters (1.3 feet) was recorded at another port in the prefecture, the agency said.

The tsunami alert and advisory were still in place in Japan, with warnings of a wave of up to 3 meters (10 feet), but The Pacific Tsunami Warning Center said the tsunami threat from the quake “has now passed.”

The agency urged residents in the region to immediately stay away from the coast or along rivers and take shelter on higher ground. It also cautioned people in the area against possible aftershocks for about a week.

Footage on NHK television showed many people driving up to parks and other facilities on higher ground. In the town of Tomakomai in Hokkaido, a resident came to a hilltop park after picking up his child at a cram school and said he planned to stay until the alert is lifted.

Iwate and three other northern prefectures issued non-binding evacuation advisories to more than 128,000 residents, according to the disaster management agency.

The Fire and Disaster Management Agency said officials are assessing the situation but so far no damage or injuries have been reported, including at power stations and other facilities.

The Nuclear Regulation Authority said nuclear power plants and related facilities in the region were all intact and no abnormalities were detected.

Another 7.5 magnitude quake in December left dozens injured.

It's 15 years since a magnitude 9.0 earthquake and tsunami on March 11, 2011, ravaged parts of northern Japan, caused more than 22,000 deaths and forced nearly half a million people to flee their homes, most of them due to tsunami damage.

Some 160,000 people fled their homes in Fukushima because of the radiation spewed from the tsunami-hit Fukushima Daiichi nuclear power plant. About 26,000 of them haven’t returned because they resettled elsewhere, their hometowns remain off-limits or they have lingering concerns about radiation.

An official of the Japan Meteorological Agency speaks near a monitor showing a tsunami alert during a news conference at the agency in Tokyo, Monday, April 20, 2026, after an earthquake that struck off the northern Japanese coast. (Masanori Kumagai/Kyodo News via AP)