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W&D Provides $108M for DC Apartment Building

Walker & Dunlop has provided $108.8 million in financing for Park Chelsea, a 429-unit apartment building in Washington, DC., to WC Smith. 

Owned by the borrower, Park Chelsea is part of The Collective, a 1,138-unit apartment community in the Capitol Riverfront neighborhood. Amenities include a leasing center, 24-hour concierge, club room/game room, library, conference room, garden room and more. Residents of The Collective have access to amenities across all three phases of the project, including indoor green space with an amphitheater, a basketball court, an outdoor tennis court, and a co-working space. 

The Walker & Dunlop multifamily finance team was led by Brendan Coleman and Connor Locke. The Walker & Dunlop team also financed the first three phases of The Collective in 2016 for a combined $364.2 million. 


Inside The Story

Brendan Coleman

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Financing
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