Walker & Dunlop, Inc. has arranged $110 million in refinancing for a multifamily portfolio in New York City. Originally acquired in 2021 by a joint venture between Davean Holdings and Meadow Partners, the portfolio includes 112 multifamily units and 29 commercial spaces across prime locations such as the East Village and Park Slope.
Sean Lefkovits of Davean Holdings noted that the refinancing aligns with their business plan and commitment to generating value for investors.
Walker & Dunlop’s New York Capital Markets team, led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Sean Reimer, Sean Bastian, Christopher de Raet, and Stanley Cayre, represented Davean Holdings and Meadow Partners in the transaction. Hudson Bay Capital was identified as the lender for this refinancing deal.
Adam Schwartz, senior managing director and co-head of New York Capital Markets at Walker & Dunlop, highlighted the strong rental demand in these sought-after neighborhoods, expecting vacancy rates to remain below New York City’s average over the long term.
Walker & Dunlop’s Capital Markets team has arranged close to $12 billion in financing from non-Agency capital sources in 2023. This extensive experience positions them as a key advisor across property types for many top developers, owners, and operators.
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By Proptechbuzz
By Ravi Kumar
