Walker & Dunlop Secures $231M Loans for DC, Miami Apartment Projects

Walker & Dunlop has arranged significant financing deals for two major luxury multifamily real estate projects in the U.S. In Washington, D.C., the firm secured $106.3 million in financing for Agora, a 334-unit luxury high-rise apartment building that is part of The Collective community in the Capitol Riverfront neighborhood, known for upscale amenities and proximity to major venues. The financing includes a 35-year amortization and a 10-year interest-only period, enabling favorable terms for WC Smith, the developer. In Miami's Design District, Walker & Dunlop advised a joint venture on a $125 million construction loan led by Amerant Bank and Bank Hapoalim for Cassi, a 20-story mixed-use project with 107 residential units averaging 1,509 square feet and 23,000 square feet of retail space. The Miami Design District is recognized as a luxury retail and cultural hub, making Cassi a strategically positioned development to meet growing demand for amenity-rich living spaces. These deals underscore Walker & Dunlop's strong presence and expertise in multifamily and mixed-use real estate financing, having originated billions in debt financing volume in 2024 alone.