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Sign in Sign up for a FREE subscriptionWalker & Dunlop arranges $109m construction financing for Brooklyn multifamily development
Walker & Dunlop has structured $109 million 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 that create a cross-block lot between Atlantic Avenue and Pacific Street in Brooklyn, N.Y.
The Walker & Dunlop Capital Markets team identified QuadReal Property Group as the lender to secure the five-year, interest-only construction loan. Loan proceeds will be used to repay the existing debt and fund ongoing de
