Walker & Dunlop, Pretium Create $250M Affordable Housing Investment Fund
The partnership will issue loans between $10 million and $75 million.
Walker & Dunlop Inc., together with investment firm Pretium, has launched Walker & Dunlop Affordable Bridge Capital, a $250 million platform that aims to provide financing for affordable multifamily housing developments. The joint venture will issue flexible first-mortgage bridge loans ranging from $10 to 75 million, with terms between 6 and 36 months.
The platform will target asset acquisitions and refinancings, as well as properties that are prepared for long-term government-backed programs, such as LIHTC, Section 8 or tax-exempt bonds. Additionally, the investment fund will bolster affordable housing development by providing bridge financing that facilitates permanent Agency and HUD takeout loans.
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In July 2025, Walker & Dunlop closed the $240 million Fund 124, a multi-investor low-income housing tax credit investment fund. Fund 124 supports the development of 1,701 affordable units across 18 properties located in 15 separate U.S. markets. Walker & Dunlop clients make up 62 percent of the fund’s developer partners.
Affordable housing shortage persists
Research in recent affordable housing trends continues to point to a severe shortage in affordable rentals across the U.S., with a significant gap between supply and demand, particularly for the lowest-income households. Nearly half of renters now spend more than 30 percent of their income on housing. Meanwhile, the National Low Income Housing Coalition’s 2025 report highlighted a shortage of roughly 7.1 million affordable and available homes for extremely low-income renters.
Despite policy changes and expanded financing tools, elevated construction costs, tight capital markets, and rising operating pressures remain significant challenges to closing the affordability gap in 2026.
