$12,500,000 in financing for
Windsor Court Apartments and $8,925,000 for Lindsay Commons, two apartment complexes located in Milwaukee, Wisconsin. Both properties are affordable, with all 354 units having Section 8 HAP contracts and Low-Income Housing Tax Credit (LIHTC) restrictions.
Led by Matthew Baptiste, Senior Director, and Jeff Lawrence, Managing Director, Walker & Dunlop arranged the Freddie Mac financing on behalf of the client, Stonebridge Global Partners, LLC. The client is a repeat Walker & Dunlop client but also has a long history with Freddie Mac. Since 2015, Stonebridge has completed over 28 transactions through Freddie Mac and has closed eight loans with the agency in 2020 alone.
Eli Mizrahie, CEO and Managing Partner of Stonebridge Global Partners, LLC, commented, As experienced affordable housing professionals, we appreciate the resilience of the Section 8 platform, and recognize the importance of combining private capital in the preservation of affordable
Long-troubled Kansas City apartment complex getting upgrade
Cloverleaf Apartments has long crime history
New management has taken over at a south Kansas City apartment complex where there have been shootings, fires and squatters living in vacant apartments, all subsidized by tax dollars.
and last updated 2020-12-21 23:29:07-05
KANSAS CITY, Mo. â Itâs a place where there have been multiple shootings and fires, and squatters have lived in vacant apartments.
And tax dollars have helped pay for it.
However, new management took over at the Cloverleaf Apartments in September and is working on improvements for the long-troubled complex.
Dorothy Simpson has lived at Cloverleaf since 2007 and said the complex has deteriorated over the years.