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Walker & Dunlop Arranges $237M Financing for Sleepy Hollow Resi Development
Walker & Dunlop, Inc. said Tuesday that it arranged $237.5 million in financing for Edge-on-Hudson, a transit-oriented mixed-use community spanning 70 acres, and The Daymark, a five-story luxury condominium located within the Edge-on-Hudson development along the Hudson River, in Sleepy Hollow, NY.
The Walker & Dunlop New York Capital Markets team, led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Jordan Casella, Christopher de Raet and Stanley Cayre, arranged the refinancing package as exclusive advisors to King Street Capital Management and Biddle Real Estate Ventures (BREV), with Hudson Bay Capital providing the funding.
“This financing emphasizes the tremendous progress at Edge-on-Hudson and the market’s strong confidence in our vision,” said Peter Chavkin, managing member at BREV. “As the master developer of Edge-on-Hudson, alongside New Jersey-based PCD Development, we are thrilled to work with the experienced and knowledgeable team at Walker & Dunlop.”
When completed, Edge-on-Hudson will total 1,177 residential units, including apartments, townhomes and condos.
- ◦Development
- ◦Financing
