Walker & Dunlop originated the Freddie Mac loan
David Bistricer’s Clipper Equity and Jacob Schwimmer have secured $136 million to refinance the 111 Wadsworth Avenue and 1360 St. Nicholas Avenue. The Freddie Mac loan was originated by Walker & Dunlop. The Washington Heights apartment complex contains 480 units.
Financing Details: The 10-year, fixed-rate loan replaces previous financing provided by New York Community Bank, according to TRD.
Worth Noting: Earlier this week, news surfaced that the White House was seriously considering removing Fannie and Freddie from government control. Since then, administration officials have noted that the President intends to include Congress in the process. Stay tuned.