Walker & Dunlop Arranges $86M Refi for Flushing Affordable Quartet

News| September 21, 2026| Paul Bubny

New York & Tri-State + Apartment Buildings

Walker & Dunlop arranged an $86,443,000 Freddie Mac refinancing of a 506-unit multifamily portfolio in the Flushing neighborhood of Queens. The loan was originated on behalf of Iris Holdings Group, a national affordable housing preservation and investment firm, and refinances the portfolio’s existing debt while supporting its long-term affordability.

The Flushing Preservation Portfolio is comprised of four elevator buildings at 44-15, 45-15 and 45-35 Colden St. and 137-20 45th Ave. The 481,000-square-foot portfolio features covered parking, views of Kissena Corridor Park and features a mix of studio, one-bedroom, two-bedroom and three-bedroom units.

Iris Holdings Group partnered with the New York City Department of Housing Preservation and Development in 2024 to preserve this project at varying levels of affordability for the next 40 years. Walker & Dunlop Affordable Housing Debt and Capital Markets Real Estate Finance, led by John Gilmore and Harvey Pava, arranged the fixed-rate financing.

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Nuveen Green Capital Closes New Hampshire’s First C-PACE Financing

Boston & New England + Apartment Buildings

Nuveen Green Capital has closed on $23.2 million in C-PACE financing for the ground-up development of The Brickyard in Lebanon, NH, reportedly the first C-PACE transaction ever completed in the state of New Hampshire. The financing, administered through the New Hampshire Business Finance Authority under the state’s newly launched C-PACER Program, closed alongside a $31.5-million senior...

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Wentworth Tech Breaks Ground on Residence Tower for First-Year Students

Boston & New England + Student Housing

Wentworth Institute of Technology has broken ground on the First-Year Tower, an 18-story, 240,450-square-foot residence hall that will house 972 students and bring the Boston university’s entire first-year residential class together in a single building for the first time. The $200-million project is the largest capital undertaking in Wentworth’s history. Designed to meet Passive House...

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309-Unit Waterfront Community in Madison Celebrates Grand Opening

Chicago & Midwest + Apartment Buildings

Clarion Partners, Vermilion Development, and Quartz Lake Capital recently hosted a ribbon-cutting event at the newly opened multifamily community, The Duncan, at 1625 Lock Lane in Madison, Wisconsin. Located on approximately 8.2 acres along Madison’s Isthmus, the 309-unit property offers lakeside living with proximity to downtown Madison. The Duncan includes studio, one-, two-, and three-bedroom...

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