Walker & Dunlop Arranges $300 Million Refinancing for Mixed-Use Property in Manhattan’s Meatpacking District

Walker & Dunlop expands its capital markets activity with a large Manhattan mixed-use refinancing backed by Corebridge Financial.

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BETHESDA, Md.--(BUSINESS WIRE)-- Walker & Dunlop, Inc. announced today that it arranged $293,200,000 to refinance 40 Tenth Avenue, a 158,957-square-foot, mixed-use property in Manhattan’s Meatpacking District.

40 Tenth Avenue

Walker & Dunlop Capital Markets Institutional Advisory served as exclusive advisor to Aurora Capital and William Gottlieb Real Estate. Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella, and Stanley Cayre arranged the fixed-rate, permanent debt refinancing from Corebridge Financial, Inc.

“40 Tenth Avenue stands out in building quality, location and experience, all elements that differentiate a property for tenants,” said Stolly, senior managing director of Capital Markets Institutional Advisory at Walker & Dunlop. “The fully leased office component, institutional tenant roster and substantial outdoor space demonstrate the continued demand for high-touch, well-located workplaces in New York. We valued the opportunity to collaborate with Aurora Capital on a financing that supports its long-term plans for the property.”

Completed in 2019 and designed by Studio Gang, 40 Tenth Avenue includes 112,241 square feet of office space across floors three through 10 and 46,716 square feet of retail space on the ground and second floors. Hyundai Motor occupies the property’s entire retail component, while office tenants include Starwood Capital Group, WestCap Management, RTW Investments, Stripes and Checkout.com. The building offers more than 18,000 square feet of landscaped private outdoor space, including an approximately 10,000-square-foot rooftop terrace and an approximately 8,000-square-foot planted second-floor terrace.

40 Tenth Avenue is located directly along the West Side Highway in the Meatpacking District, one of Manhattan’s most supply-constrained office and retail submarkets. The property is adjacent to the High Line and near Little Island, Hudson River Park and the Whitney Museum of American Art, as well as the neighborhood’s concentration of dining, hospitality, retail and cultural destinations. The property also provides access to the 14th Street-Eighth Avenue transit hub, served by the A, C, E and L subway lines.

In 2025, Walker & Dunlop’s Capital Markets team sourced over $22 billion from non-Agency capital providers, including nearly $16 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry’s top developers, owners, and operators. To learn more about Walker & Dunlop’s broad financing options, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260917599591/en/

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

Source: Walker & Dunlop, Inc.

Key Terms

refinancing financial

Refinancing is the process of replacing an existing loan with a new one that has different terms—such as a lower interest rate, longer repayment period, or different payment schedule—much like trading in a high-interest mortgage for a cheaper one. Investors care because refinancing changes a company’s interest costs and cash flow, which can boost profits or free money for growth, but it can also signal stress or add fees that affect returns.

fixed-rate financial

A fixed-rate is an arrangement where the interest or return on a loan, bond, or other financial obligation stays the same for a specified period instead of changing with market conditions. For investors, that means predictable payments and easier budgeting—like locking in a grocery price for a year—but it also means missing out if market rates fall, and it may be less attractive if inflation or rates rise significantly.