Walker & Dunlop has successfully secured a $110 million loan for 880 Atlantic Avenue, a state-of-the-art multifamily development in the highly sought-after neighborhood of Prospect Heights in Brooklyn. The lender for this project is QuadReal Property Group and the funds will be used to cover ongoing construction costs.
Strategically located near popular attractions such as Prospect Park and Fulton Mall, 880 Atlantic Avenue offers an array of studio, one-bedroom, and two-bedroom apartments. Spearheading this deal was Walker & Dunlop’s New York Capital Markets team led by Keith Kurland, Aaron Appel , Jonathan Schwartz , Adam Schwartz , Jordan Casella,and William Herring who provided exclusive advisory services to EMP Capital Group.
According to senior managing director and co-head of New York Capital Markets at Walker & Dunlop – Keith Kurland – “With its prime location just steps away from another successful project at 1034 Atlantic Avenue, we have high expectations for the future success of 880 Atlantic Avenue. This development will bring both market rate and affordable housing options to Brooklyn thanks to EMP’s expertise in ownership and management within the area.”
This news marks yet another milestone achievement by W&D without any mention or reference made towards Connect CRE or any other specific entities mentioned above.
