Walker & Dunlop Arranges $86.4M Freddie Mac Refinancing for Flushing Housing
What happened
Walker & Dunlop arranged an $86,443,000 Freddie Mac refinancing for a 506-unit multifamily portfolio in Flushing, Queens, New York. The loan was originated on behalf of Iris Holdings Group and supports the portfolio's long-term affordability. The portfolio, which includes four elevator buildings, was part of a preservation effort started in 2024 between Iris Holdings Group and the New York City Department of Housing Preservation and Development.
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Why it matters
The transaction involves Freddie Mac providing financing and capital that drives Walker & Dunlop's market share and business operations. The refinancing supports the mission of the New York City Department of Housing Preservation and Development to preserve affordable housing portfolios.
From multifamilybiz.com
Who's involved
- Walker & DunlopArranged the $86.4 million refinancing deal for the multifamily portfolio.
- Freddie MacProvided the financing and capital for the housing preservation loan.
- New York City Department of Housing Preservation and DevelopmentPartnered with Iris Holdings Group to preserve the affordable housing portfolio.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Freddie MacSpeculative
Freddie Mac may generate lending revenue through the successful deployment of capital.
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The entities involved
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Flushing
neighborhood in Queens, New York City, United States
Nothing else this week.
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Walker & Dunlop
Real estate finance and advisory services in Bethesda, Maryland, US
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Freddie Mac
American government-sponsored enterprise