Walker & Dunlop Secures $237.5M Financing for Edge-on-Hudson Development in Sleepy Hollow
Walker & Dunlop, Inc. announced that it has arranged $237.5 million in financing for Edge-on-Hudson, a 70-acre transit-oriented mixed-use development, and The Daymark, a five-story luxury condominium within the project in Sleepy Hollow, New York. The development sits along the Hudson River and represents a significant investment in the revitalization of the waterfront community.
The financing was arranged by Walker & Dunlop’s 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. The team served as exclusive advisors to King Street Capital Management and Biddle Real Estate Ventures (BREV), with capital provided by Hudson Bay Capital.
“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.”
Upon completion, Edge-on-Hudson will include 1,177 residential units, composed of apartments, townhomes, and condominiums, creating a vibrant, waterfront community with a mix of living options.
