**Walker & Dunlop Secures $106.3 Million for Luxury Apartments in D.C.**
Walker & Dunlop has provided $106.3 million in financing for Agora, a 334-unit luxury high-rise multifamily property located in Washington, D.C.
The financing was arranged by Walker & Dunlop’s multifamily finance team, led by Brendan Coleman and Connor Locke, on behalf of long-standing client and Fannie Mae priority borrower, WC Smith. The team secured a rate lock that includes a 35-year amortization term and 10 years of full-term interest-only payments.
Agora is the second phase of The Collective, a premier residential community in D.C.’s Capitol Riverfront neighborhood. Developed by WC Smith, The Collective features a total of 1,138 apartment units with upscale amenities. Walker & Dunlop also structured financing for the other two phases of the development: Park Chelsea, a 429-unit luxury community, and The Garrett, with 373 units and 5,000 square feet of co-working space.
Completed in 2018, Agora is an 11-story, LEED Silver-certified building offering high-end living in one of Washington, D.C.’s most vibrant neighborhoods.
