Updated Apr 22, 2026
WC Smith Secures $119.7M Loan For Multifamily Property In Washington DC With Walker & Dunlop
2219 Town Center Dr Se
$119,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 21, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 2219 Town Center Drive Southeast in the Washington, DC market. The loan amount secured for this property was $119,700,000, facilitated through combined financing from Fannie Mae and Freddie Mac.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $119,700,000
- Lender: Fannie Mae & Freddie Mac
- Landlord: WC Smith
- Brokers: Connor Locke, Brendan Coleman & Skye Stansbury - Walker & Dunlop
The financing was arranged by Walker & Dunlop’s Capital Markets team, with the deal being led by brokers Connor Locke, Brendan Coleman, and Skye Stansbury, who represented WC Smith in this transaction.
On the Map
$119,700,000
MultiFamily
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Players
Washington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93