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$94M Loan Preserves 151 Affordable Housing Units in Manhattan

Bethesda, MD-based Walker & Dunlop reports it structured the $93,925,200 loan with the U.S. Department of Housing and Urban Development for the Hells Kitchen property.

By John Jordan | Updated on November 29, 2017

Standard Communities acquired Polyclinic Apartments from Starrett Corp. in October for $110.5 million. Standard Communities acquired Polyclinic Apartments from Starrett Corp. in October for $110.5 million.

NEW YORK CITY—Standard Communities has closed on a nearly $94-million loan structured by Walker & Dunlop Inc. that will preserve 151 affordable housing units at the Section 8 property Polyclinic Apartments here.

Bethesda, MD-based Walker & Dunlop reports it structured the $93,925,200 loan with the U.S. Department of Housing and Urban Development for the Hell’s Kitchen property.

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