$3.2M Agency Refinance of a 14-Unit Jupiter Apartment Community

The smallest agency loan among the researched records is a case study in how far down market the government sponsored enterprises now reach. Walker and Dunlop recorded a $3,237,000 refinance on the Villas of Jupiter Gardens on May 13, 2026, executed May 8, on a 61 month term due June 2031. The collateral is fourteen units: single story garden villas, all two bedroom one bath, built in 1988 on just over an acre at 6567 Jupiter Gardens Boulevard.

The ownership picture is continuity, not change. The borrower, 6567 Jupiter Gardens LLC, is an active Florida entity formed in February 2022, weeks before it bought the property that March for a recorded $3,300,000. The recorded prior owner name differs from the borrower only by an abbreviation, and state records show exactly one entity under the name, consistent with a same owner refinance rather than a transfer. First Republic Bank had recorded the $2,145,000 purchase loan in 2022 on a five year term; the new agency loan replaces it a year ahead of maturity.

The building history before this cycle is small and steady: a $450,000 savings bank mortgage in 1989, Washington Mutual twenty year loans in 2004 and 2006, and a $1,400,000 ReadyCap loan in 2018. Marketing for individual units describes complete renovations, new kitchens, plank flooring, and in unit laundry, with one villa most recently advertised at $2,600 a month, figures reported from rental listings.

Walker and Dunlop is a Fannie Mae DUS lender with a dedicated small balance platform, and by its own published materials was the top Fannie Mae DUS producer of 2025; the small loan execution it markets covers stabilized properties of five or more units. A fourteen unit villa community is close to the floor of that program, which is precisely what makes this recording useful.

This is also one of two tracked Walker and Dunlop refinances in Palm Beach County this spring, both in Jupiter, alongside a $7,605,000 loan on Center Street. For owners of very small apartment properties, the pair together make the point: fixed rate, non recourse agency debt is not reserved for hundred unit deals. It reached a fourteen unit community on Jupiter Gardens Boulevard, and the record shows the path.