Walker & Dunlop Arranges Refi on Newly Built Bed-Stuy Multifamily

Walker & Dunlop, Inc. arranged a $137.5-million refinancing for 12 Halsey, a newly completed Class A mixed-use multifamily property located in Brooklyn’s Bedford-Stuyvesant neighborhood. Walker & Dunlop Capital Markets Institutional Advisory advised EJS Group and Hope Street Capital in arranging the three-year, floating-rate financing with AllianceBernstein. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Diaz, Michael Ianno, and Cole Grims led the refinancing.

“Demand for newly constructed multifamily assets in New York City remains exceptionally strong, particularly for properties that combine high-quality execution, affordability, and transit-oriented locations,” said Appel. “12 Halsey represents exactly the type of institutional-quality asset that continues to attract significant lender interest.”

Completed in October 2025, 12 Halsey comprises 240 residential units, with 30% designated as affordable, along with approximately 2,400 square feet of ground-floor retail. The property occupies a full cross-block site between Fulton and Halsey streets and benefits from immediate access to the A and C subway lines.

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