$137.5M Refinancing Secured for Brooklyn Mixed-Use Property
Event summary
- $137.5 million refinancing arranged for 12 Halsey, a Class A mixed-use property in Brooklyn.
- Three-year floating-rate loan provided by AllianceBernstein.
- Property includes 240 residential units (30% affordable) and 2,400 sq ft of retail space.
- Walker & Dunlop's Capital Markets team advised EJS Group and Hope Street Capital.
The big picture
Walker & Dunlop's ability to secure this refinancing underscores the strong institutional interest in transit-oriented, mixed-use properties in NYC. The deal reflects broader trends of lenders favoring high-quality multifamily assets with affordability components. Walker & Dunlop's Capital Markets team has sourced over $22 billion from non-Agency capital providers in 2025, highlighting its dominance in the space.
What we're watching
- Market Demand
- How sustained demand for newly constructed multifamily assets in NYC will impact similar refinancing deals.
- Affordable Housing
- Whether the inclusion of affordable units under New York's 421-a program influences future financing terms.
- Capital Markets Activity
- The pace at which Walker & Dunlop secures additional large-scale refinancing deals in high-demand urban markets.
Related topics