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Aspen Square secures $232 million refinancing for workforce housing portfolio

Fannie Mae loan restructures debt on five apartment complexes in Florida and Arkansas
The 556-unit River Reach Apartments in Naples, Florida, is the largest collateral asset in the portfolio. (CoStar)
The 556-unit River Reach Apartments in Naples, Florida, is the largest collateral asset in the portfolio. (CoStar)

Aspen Square Management has secured a $232.35 million Fannie Mae loan backed by 1,585 workforce housing units across five properties in Florida and Arkansas, locking in a fixed interest rate for the next decade as apartment financing remains selective.

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