Walker & Dunlop, Inc. announced today that it has arranged a $110,000,000 refinancing for 1879 at the Grid and Arc at the Grid, two Class A multifamily properties totaling 731 units within a 192-acre mixed-use development in Stafford, Texas.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261014563512/en/
1879 at the Grid. Photo Credit: Lone Star Funds
Walker & Dunlop Capital Markets Institutional Advisory arranged the loan as exclusive advisor to Lone Star Funds. Dustin Stolly, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Sean Reimer, Michael Ianno, and Edward Leboyer arranged the floating-rate, interest-only loan from TPG Real Estate Credit.
“1879 at the Grid and Arc at the Grid are well-located multifamily assets that benefit from the continued growth of the Stafford and Sugar Land corridor,” said Stolly, senior managing director of Capital Markets Institutional Advisory at Walker & Dunlop. “TPG Real Estate Credit recognized the strength of the assets and their position within the Southwest Houston market, as well as Lone Star’s reputation as a best-in-class Sponsor, resulting in a financing solution that aligned well with our client’s objectives.”
Built in 2019 and 2020, respectively, 1879 at the Grid and Arc at the Grid span approximately 653,000 rentable square feet and 731 total units. Both properties feature a mix of studio, one-, two- and three-bedroom residences with modern finishes and open-concept layouts. Amenities include resort-style pools, fitness and wellness centers, resident lounges, coworking spaces, pet parks, outdoor lounges and courtyards, package lockers, detached garages and carports, barbecue areas and fire pits.
Located along the U.S. 90A corridor, 1879 at the Grid and Arc at the Grid offer direct access to Interstate 69, the Sam Houston Tollway and Highway 6, providing access to major Houston employment centers including the Texas Medical Center, Uptown/Galleria, Greenway Plaza, Downtown Houston and the broader Fort Bend County growth corridor. The Stafford and Sugar Land corridors are supported by continued population growth, a diverse employment base and established regional infrastructure.
In the first half of 2026, Walker & Dunlop’s Capital Markets team sourced over $13.9 billion from non-Agency capital providers, including nearly $9.6 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261014563512/en/