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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.”
- ◦Financing

