$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