**Walker & Dunlop Secures $237.5M Financing for Edge-on-Hudson Development in Sleepy Hollow, NY**
Walker & Dunlop, Inc. has announced the arrangement of $237.5 million in financing for Edge-on-Hudson, a major transit-oriented, mixed-use community located in Sleepy Hollow, New York. The development spans 70 acres and includes The Daymark, a five-story luxury condominium within the waterfront master plan.
The financing was arranged by Walker & Dunlop’s New York Capital Markets team, comprising 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 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.”
Upon completion, Edge-on-Hudson will feature a total of 1,177 residential units, including apartments, townhomes, and condos, helping to transform the former industrial waterfront into a vibrant residential and commercial neighborhood.
