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West Shore closes $690 million refinancing backed by Sun Belt multifamily properties

Five-state portfolio generates $151 million cash-out proceeds
Lake Walk at Traditions in College Station, Texas, includes 972 units between two complexes. (CoStar)
Lake Walk at Traditions in College Station, Texas, includes 972 units between two complexes. (CoStar)
CoStar News
February 2, 2026 | 3:16 P.M.

Boston-based investment firm West Shore closed a $690 million commercial mortgage-backed securities loan to refinance 13 multifamily properties across five Sunbelt states, marking the first major U.S. multifamily portfolio financing of the year.

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News | West Shore closes $690 million refinancing backed by Sun Belt multifamily properties