Walker & Dunlop Arranges $109 Million Construction Financing for Brooklyn Multifamily Development
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Monday, March 18, 2024
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Walker & Dunlop, Inc. announced today that it structured $109,000,000 in construction financing for the development of 1034-1042 Atlantic Avenue, a to-be-constructed, 247-unit Class-A multifamily development located on two conjoining parcels creating a cross-block lot between Atlantic Avenue and Pacific Street in Brooklyn, New York.
Key Points:
- Walker & Dunlop, Inc. announced today that it structured $109,000,000 in construction financing for the development of 1034-1042 Atlantic Avenue, a to-be-constructed, 247-unit Class-A multifamily development located on two conjoining parcels creating a cross-block lot between Atlantic Avenue and Pacific Street in Brooklyn, New York.
- (Photo: Business Wire)
The Walker & Dunlop Capital Markets team, led by Keith Kurland , Aaron Appel , Jonathan Schwartz , Adam Schwartz , Jordan Casella and William Herring acted as exclusive advisors to EMP Capital Group. - The team identified QuadReal Property Group as the lender to secure the five year, interest-only construction loan.
- To learn more about Walker & Dunlop’s broad financing options, visit our website .