Walker & Dunlop Arranges $138 Million Financing for Mixed-Use Brooklyn Community

Key Terms

floating-rate financing financial

A financing arrangement where the interest rate on a loan or bond moves up or down with a market benchmark, so payments change over time rather than staying fixed. For investors, that means the borrower’s interest expense and the value of the debt swing with overall interest rates — like an adjustable mortgage — which can protect against rising rates but also adds uncertainty to future cash flows and credit risk.

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BETHESDA, Md.--(BUSINESS WIRE)-- Walker & Dunlop, Inc. announced today that it arranged a $137.5 million refinancing for 12 Halsey, a newly completed Class A mixed-use multifamily property located in the Bedford-Stuyvesant neighborhood of Brooklyn, New York.

12 Halsey. Photo Credit: EJS Group

Walker & Dunlop Capital Markets Institutional Advisory served as exclusive advisor to 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,” said 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. We appreciate the opportunity to advise EJS Group and Hope Street Capital and thank AllianceBernstein for its partnership in delivering a successful financing.”

Completed in October 2025, 12 Halsey comprises 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 benefits from immediate access to the A and C subway lines, providing convenient connectivity throughout Brooklyn and Manhattan.

“12 Halsey reflects our long-term commitment to developing thoughtfully designed mixed-use communities that expand housing opportunities while enhancing the surrounding neighborhood,” said Ted Segal, president of EJS Group. “We're grateful to AllianceBernstein and Walker & Dunlop for their partnership and execution throughout the financing process.”

In 2025, Walker & Dunlop's Capital Markets team sourced more than $22 billion from non-Agency capital providers, including nearly $16 billion for multifamily properties. With deep relationships across banks, debt funds, insurance companies, and institutional investors, Walker & Dunlop continues to deliver customized financing solutions for many of the nation's leading developers, owners, and operators. To learn more about Walker & Dunlop's capital markets platform, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.

About EJS Group

EJS Group is a New York City-based real estate development firm known for its ground-up development of multifamily and mixed-use properties in the New York metropolitan area. The firm leverages its specialized project development expertise and readily available proprietary capital to develop projects in high-demand, high-barrier to entry locations. In partnership with Legion Investment Group, EJS is currently developing The Greenwich Spire, an approximately 500-foot-tall luxury boutique condominium featuring 34 residences located at 11 West 13^th Street just west of Fifth Avenue’s gold coast in Greenwich Village. EJS recently completed 200 East 75th Street, a boutique luxury condominium with a prewar-inspired design by acclaimed firm Beyer Blinder Belle, and 12 Halsey Street, a best-in-class rental project in Brooklyn’s vibrant Bedford-Stuyvesant neighborhood. EJS previously co-developed 150 East 78th Street, the luxury condominium designed by the award-winning Robert A.M. Stern Architects.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260803204518/en/

Media:
Nina H. von Waldegg
Public Relations
Phone 301.564.3291
nhvwaldegg@walkerdunlop.com

Source: Walker & Dunlop, Inc.