Walker & Dunlop Arranges $36 Million Affordable Housing Renovation for Eight-Property Brooklyn Portfolio
Walker & Dunlop, Inc. announced today that it arranged a $35.6 million loan to facilitate the refinance of a scattered Brooklyn site, sponsored by Grower Housing Development Fund Corporation.
- Walker & Dunlop, Inc. announced today that it arranged a $35.6 million loan to facilitate the refinance of a scattered Brooklyn site, sponsored by Grower Housing Development Fund Corporation.
- The Section 8 affordable apartment portfolio comprises of 251 units, spanning eight buildings and located in New York's Williamsburg submarket.
- Walker & Dunlop's Affordable team, led by Frank Cassidy and John Gilmore , arranged the refinance on behalf of the client, a repeat Walker & Dunlop and Fannie Mae borrower.
- Walker & Dunlop is working to achieve its five-year goal of $60B in cumulative affordable and workforce housing finance by the end of 2025.