Walker & Dunlop Arranges $106 Million Financing for Second Phase of D.C. Luxury Apartments by WC Smith

WD
October 02, 2025

Walker & Dunlop, Inc. announced on June 19, 2025, that it provided $106.3 million in financing for Agora, a Class A 334-unit high-rise multifamily asset in Washington, D.C. The financing was arranged for longtime client WC Smith, a Fannie Mae priority borrower.

The Walker & Dunlop multifamily finance team, led by Brendan Coleman and Connor Locke, secured a rate lock within 24 hours of the signed application. This provided a 35-year amortization and 10 years of full-term interest-only payments, ensuring a favorable outcome for WC Smith.

Agora is the second phase of The Collective, a premier 1,138-unit apartment community in Washington, D.C.’s Capitol Riverfront neighborhood. Walker & Dunlop has also arranged financing for the other two phases, Park Chelsea and The Garrett, demonstrating a strong, ongoing client relationship.

Connor Locke, managing director of Multifamily Finance, emphasized the firm's dedication to providing timely, customized solutions. Agora, a LEED Silver-certified building completed in 2018, offers luxury amenities and is located in a neighborhood recognized by Forbes as one of the world’s 'Top 12 Coolest Neighborhoods.'

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