Walker & Dunlop, Inc. recently facilitated a $110 million refinancing deal for an 18-property multifamily portfolio located in various neighborhoods throughout New York City. The portfolio, which was acquired by Davean Holdings and Meadow Partners in 2021, includes a total of 112 multifamily units and 29 commercial units.
According to Sean Lefkovits of Davean Holdings, “We are pleased to continue executing our business plan and creating value for our investors.”
The Walker & Dunlop New York Capital Markets team played a key role in the successful transaction. Led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz (no relation), Sean Reimer , Sean Bastian , Christopher de Raet , and Stanley Cayre , the team represented both Davean Holdings and Meadow Partners while also identifying Hudson Bay Capital as the lender.
Adam Schwartz added that due to high demand from renters looking to live in desirable locations like those included in this portfolio – such as East Village and Park Slope – they anticipate low vacancy rates over the long term.
This news was originally reported on Connect CRE’s website.
