Walker & Dunlop, Inc. has announced that it has secured a $106.3 million financing deal for Agora, a Class A 334-unit high-rise multifamily asset in Washington, D.C. This move marks the second phase of The Collective, a premier apartment community developed by WC Smith in the Capitol Riverfront neighborhood. Walker & Dunlop's multifamily finance team, led by Brendan Coleman and Connor Locke, arranged the financing, achieving a rate lock within 24 hours of the signed application. The financing includes a 35-year amortization with 10 years of full-term interest-only payments. Agora, completed in 2018 and LEED Silver-certified, offers residents access to high-end amenities and is part of a neighborhood recognized by Forbes as one of the world's "Top 12 Coolest Neighborhoods." Walker & Dunlop continues to be a leading provider of capital to the U.S. multifamily market.
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