IMT Capital Lands $625M Refi for 8-Property Portfolio
Freddie Mac provided the financing over four closing dates.
IMT Capital, a real estate investment firm headquartered in Los Angeles, has received a $625.3 million fixed-rate financing package from Freddie Mac to refinance eight properties across six high-growth markets. The transaction was facilitated by Walker & Dunlop, which worked on behalf of the owner.
The portfolio includes properties located in markets including San Diego, San Francisco, Los Angeles, Denver, Nashville and Atlanta. To limit interest rate risk and mitigate rate swings, Walker & Dunlop sought out fixed-rate lending opportunities simultaneously. Because of the portfolio’s size and multiple maturities, the package was split into four closings between July and October 2025 to preserve repayment flexibility.
A closer look
IMT’s refinanced portfolio includes 3,096 units across eight garden-style communities. According to Yardi Matrix information, the portfolio features assets including IMT Stevenson Ranch in Stevenson Ranch, Calif., and IMT Pleasanton in Pleasanton, Calif.
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Stevenson Ranch was built in 1991, Yardi Matrix shows, and includes 510 one- to three-bedroom residences with three swimming pools and three spas, a fitness center and volleyball court. IMT Pleasanton came online in 1985 with 200 units. Shared amenities at the property include a fitness center, clubhouse, swimming pool and spa.
According to the same data, IMT Stevenson Ranch and IMT Pleasanton were purchased from Greystar in 2018 for $166.8 million and $82.7 million, respectively. Both assets are more than 97 percent occupied.
Walker & Dunlop’s team of Cory Wizenberg, Matt Wallach, Stephen West, Walker Layne, AJ Wright and Sebastian Tamayo arranged the financing.
Other larger arrangements from Walker & Dunlop
Last month, the company arranged a $146 million first mortgage and preferred equity loan for The Bryant at Yorba Linda in Yorba Linda, Calif. The transaction includes a five-year senior mortgage loan from Freddie Mac with full-term interest-only payments.
In March, Steiner NYC bought out J.P. Morgan Asset Management from a high-rise apartment building in Brooklyn, N.Y., with a $420 million recapitalization arranged by Walker & Dunlop. Additionally, the company facilitated a $62.5 million preferred equity loan for the buyout. This deal gave Steiner full ownership of the property.
