Dealmaker: Walker & Dunlop Arranges $138M Financing for Brooklyn Mixed-Use Community

(Photo credit: EJS Group)

Walker & Dunlop, Bethesda, Md., arranged a $137.5 million refinancing for 12 Halsey, a newly completed Class A mixed-use multifamily property in the Bedford-Stuyvesant neighborhood of Brooklyn, N.Y.

Walker & Dunlop Capital Markets Institutional Advisory exclusively advised EJS Group and Hope Street Capital in arranging the three-year, floating-rate financing with AllianceBernstein. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Diaz, Michael Ianno and Cole Grims led the refinancing.

“Demand for newly constructed multifamily assets in New York City remains exceptionally strong, particularly for properties that combine high-quality execution, affordability, and transit-oriented locations,” noted Appel, senior managing director of Capital Markets and co-head of Institutional Advisory at Walker & Dunlop. “12 Halsey represents exactly the type of institutional-quality asset that continues to attract significant lender interest.”

Completed in October 2025, 12 Halsey has 240 residential units, with 30% designated as affordable under New York’s Affordable New York (421-a) program, as well as approximately 2,400 square feet of ground-floor retail. The property occupies a full cross-block site between Fulton and Halsey Streets and has immediate access to the A and C subway lines, providing connectivity throughout Brooklyn and Manhattan.