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New York & Tri-State  + Outer  + Finance  | 
600 Bushwick Avenue Brooklyn apartments

Luxury Bushwick Apartments Land $36M Refi

Walker & Dunlop, Inc.  structured $36,000,000 in financing for 600 Bushwick Ave. a 64-unit, luxury multifamily property in Brooklyn’s Bushwick neighborhood. With over 14,000 rentable square feet of retail space, the property was built in 2018 and is one of the newest in the surrounding area. 

The firm’s Aaron Appel, Michael Diaz, Michael Ianno, and Jackson Irwin exclusively advised and structured the refinance on behalf of their client, Cayuga Capital Management. Ultimately selecting Amherst Capital Management as the ideal lender, the team secured a five-year bridge loan with a competitive floating rate to replace the property’s existing construction loan. 

Appel commented, “Our New York Capital Markets team drove a comprehensive marketing process, which culminated in exceptional terms from a variety of lenders. Thanks to its stable in-place cash flow and tremendous upside potential, 600 Bushwick was extremely well received by the capital markets.” 

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Walker & Dunlop's Appel

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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