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Walker & Dunlop Arranges $110M Refi for 18-Property Multifamily
Walker & Dunlop, Inc. facilitated a $110-million refinancing for an 18-property multifamily portfolio in New York City. Acquired in 2021 by a joint venture between Davean Holdings and Meadow Partners, the portfolio contains 112 multifamily units and 29 commercial units located across neighborhoods including the East Village and Park Slope.
“We’re pleased that we are able to continue executing on our business plan and adding value for our investors” said Sean Lefkovits of Davean Holdings.
The Walker & Dunlop 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 and identified Hudson Bay Capital as the lender.
“Given the consistent demand from New York City renters to live in these preferred locations, we anticipate portfolio vacancy to remain significantly below the city’s average over the long term,” said Adam Schwartz.
- ◦Financing
