Walker & Dunlop Arranges $108.8M Refinance Loan For Park Chelsea Multifamily

Park Chelsea, a 429-unit apartment building located at 880 New Jersey Ave SE in Washington, D.C.'s Capitol Riverfront area, has secured a $108.8 million Fannie Mae loan for refinancing. The property, managed by WC Smith, is a multifamily asset known for its prime location in the bustling market of Washington, D.C.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $108,800,000
• Units: 429
• Lender: Walker & Dunlop
• Landlord: WC Smith

Walker & Dunlop, represented by Brendan Coleman and Connor Locke, facilitated the refinancing deal for Park Chelsea. The loan provided by Fannie Mae will support the property's ongoing operations and improvements. This financing arrangement will further enhance the property's stability in the market, ensuring continued success for WC Smith.