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Walker & Dunlop Secures $106M for DC Luxury Apartments
Walker & Dunlop has provided $106.3 million in financing for Agora, a 334-unit high-rise multifamily asset in Washington, D.C.
Walker & Dunlop multifamily finance, led by Brendan Coleman and Connor Locke, arranged the financing on behalf of the longtime W&D client and Fannie Mae priority borrower, WC Smith. The team secured a rate lock, providing a 35-year amortization and 10 years of full-term interest-only payments.
WC Smith developed Agora as the second phase of The Collective, a premier 1,138-unit apartment community offering unmatched amenities in Washington, D.C.’s Capitol Riverfront neighborhood. Walker & Dunlop has also arranged financing for the other two phases of The Collective, Park Chelsea, a high-end 429-unit community and The Garrett, which features 373 apartments and 5,000 square feet of co-working space.
Agora is a luxury, 11-story, 334-unit LEED Silver-certified apartment building completed in 2018, located in Washington, D.C.’s vibrant Capitol Riverfront.
