BETHESDA, Md.--(BUSINESS WIRE)--Apr 7, 2025--
Walker & Dunlop, Inc. announced today that it has arranged a $168 million loan to refinance Park Sierra, a 776-unit, Class B, garden-style apartment building in Santa Clarita, California.
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The financing was arranged by Walker & Dunlop’s California Multifamily Finance team, led by Trevor Fase, on behalf of G.H. Palmer Associates. Fannie Mae provided the financing package.
“We are thrilled to continue our long-standing partnership with G.H. Palmer, a valued repeat client,” said Trevor Fase, senior managing director of Multifamily Finance at Walker & Dunlop. “G.H. Palmer has consistently demonstrated a strong commitment to developing and preserving affordable housing in Santa Clarita. With 97% of the units at Park Sierra qualifying as ‘Mission-Driven,’ this community plays an essential role in providing quality, affordable housing in the market, and we’re proud to help support that mission.”
Originally developed in 1987 by G.H. Palmer Associates, the property consists of 97 one-bedroom and 679 two-bedroom apartments. Approximately 40% of the units have been rehabilitated, with significant additional capital investment planned as the team continues to execute on its vision of providing quality workforce housing in Santa Clarita. Community amenities include five pools and spas, a fitness center, picnic and play areas, and more.
“Walker & Dunlop consistently demonstrates the highest level of professionalism in all of their transactions,” said Chuck Merrell, chief financial officer at G.H. Palmer Associates. “They are always willing to go above and beyond expectations, ensuring that they deliver the best possible results. Their commitment to excellence and attention to detail make them a trusted and invaluable partner for us.”
Walker & Dunlop is one of the top providers of capital to the U.S. multifamily market; in 2024 the firm originated over $30 billion in debt financing volume, including lending over $25 billion for multifamily properties. To learn more about our capabilities and 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.
Park Sierra (Photo Credits: G.H. Palmer Associates)
PARIS (AP) — Kylian Mbappé’s legal team is going on the attack with multiple lawsuits to try and resolve the legal dispute between the World Cup winner and his former club Paris Saint-Germain.
The France striker argues PSG owes him 55 million euros ($61 million) in unpaid wages, and his lawyers say they have asked the Paris court to start proceedings.
Legal expert Thomas Clay said Mbappé has been authorized to make a precautionary seizure of the money, which was frozen from PSG’s bank accounts on Thursday. A legal hearing is scheduled for May 26, he added.
“This story has been going on for just over a year now. One year was the deadline we set for ourselves for trying to resolve this dispute as peacefully as possible,” Mbappé’s main lawyer, Delphine Verheyden, said.
“As the months went by, Kylian Mbappé still hasn’t been paid the missing 55 million euros. A decision has been taken, this time to go on the attack.”
Verheyden said they were also asking the French sports minister to intervene and to legally challenge a decision by the appeals commission of the French Football Federation, which ruled that Mbappé’s appeal against PSG was not receivable.
Separately, she said that Mbappé has asked the federation to inform UEFA that PSG failed to pay him what he was owed, in breach of the club's salary obligations. Verheyden suggested that if PSG was found responsible it could lose the licence allowing the team to play in the Champions League.
Last October, the French league appeals commission upheld the decision ordering PSG to pay Mbappé the unpaid wages he wants. Mbappé claims the club owes him three months’ salary and the last third of a loyalty bonus.
He joined Real Madrid last summer on a free transfer after scoring a club-record 256 goals in seven years at PSG.
PSG argued that when Mbappé was sidelined before the 2023-24 season — following his decision not to extend his contract — there was a verbal agreement with him opting to relinquish bonuses in order to return to the team.
“They have not shown any evidence of any agreement,” Verheyden said.
Mbappé’s relationship with PSG ended amid deep tensions and some fans booed him in his last home game at Parc des Princes. PSG felt let down by Mbappé after offering him the most lucrative contract in club history when he signed a new contract in 2022.
But Mbappé was frustrated because he felt promises to sign key players were not kept. When he signed that deal, he was paraded in front of fans holding up a jersey with 2025 on it. Mbappé was reportedly annoyed because the contract was until 2024 — with a player’s option for an extra season.
Mbappé stunned PSG in June 2023 by informing the club he would not take the option for an extra year. With his contract effectively into its final year, it put PSG in the position of needing to sell Mbappé to avoid losing him for nothing when the contract expired.
His PSG career could have ended that summer amid a tense transfer standoff.
After telling the club he would not extend, Mbappé was left off a preseason tour to Japan and South Korea and forced to train with fringe players. PSG said it would rather sell him than let the player leave for free in 2024, but he rejected a 300 million euros move to Saudi Arabia team Al-Hilal.
PSG left Mbappé out of the opening league game of that season but he soon returned to the lineup following talks. Mbappé’s legal team said on Thursday it will start an action against PSG for harassment because of the way he was treated.
They will also start another legal procedure before an industrial tribunal, while Mbappé and his mother have filed lawsuits for the abuse they received online.
AP soccer: https://apnews.com/hub/soccer
Kylian Mbappe's lawyers Delphine Verheyden, second right, Frederique Cassereau, right, Thomas Clay and Pierre-Olivier Sur, right, attend a press conference, Thursday, April 10, 2025 in Paris. (AP Photo/Michel Euler)
Kylian Mbappe's lawyer Delphine Verheyden attends a press conference as Kylian Mbappe's legal team is going on the attack to try and solve the legal dispute between the World Cup winner and his former club PSG., Thursday, April 10, 2025 in Paris. (AP Photo/Michel Euler)
Kylian Mbappe's lawyers Pierre Olivier Sur, right, shows a document as Thomas Clay looks on, during a press conference as Kylian Mbappe's legal team is going on the attack to try and solve the legal dispute between the World Cup winner and his former club PSG, Thursday, April 10, 2025 in Paris. (AP Photo/Michel Euler)
Kylian Mbappe's mother Fayza Lamari, and his father Wilfried Mbappe attend a press conference as Kylian Mbappe's legal team is going on the attack to try and solve the legal dispute between the World Cup winner and his former club PSG, Thursday, April 10, 2025 in Paris. (AP Photo/Michel Euler)
FILE - Real Madrid's Kylian Mbappe applauds fans at the end of the Champions League quarterfinal first leg soccer match between Arsenal and Real Madrid at the Emirates Stadium in London, Tuesday, April 8, 2025. Kylian Mbappé's legal team is going on the attack to try and solve the legal dispute between the World Cup winner and his former club PSG. (AP Photo/Frank Augstein, File)
