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Washington DC & Mid-Atlantic  + DC Metro  + Apartments  |  August 1, 2024
Jasmine Kilman
By: Jasmine Kilman

Walker & Dunlop Arranges $24M Financing for Winchester MF Property

Walker & Dunlop has arranged $24.3 million in federal Low-Income Housing Tax Credit (LIHTC) and Federal Historic Tax Credit (FHTC) equity for the financing of ZeroPak Apartments, a multifamily property located in Winchester, Virginia.

Don Snyder and the Walker & Dunlop Affordable Equity team arranged the LIHTC equity on behalf of a client Zeropak Development LLC, led by Erick Wischneff and John Willingham, experienced tax credit developers based in Northern Virginia.

community. The total equity invested in the project amounts to $24,356,814, with $16,759,722 coming from LIHTC and $7,597,208 from the Federal Historic Tax Credit. ZeroPak Apartments is an adaptive reuse project of an old cold storage warehouse initially built in 1902. The property features 3.74 acres with one building and six designated sub-sections.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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