{"id":1009425,"date":"2026-10-12T18:33:08","date_gmt":"2026-10-12T22:33:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-203-million-in-financing-for-east-village-mixed-use-multifamily-property\/"},"modified":"2026-10-12T18:33:08","modified_gmt":"2026-10-12T22:33:08","slug":"walker-dunlop-arranges-203-million-in-financing-for-east-village-mixed-use-multifamily-property","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-203-million-in-financing-for-east-village-mixed-use-multifamily-property\/","title":{"rendered":"Walker &amp; Dunlop Arranges $203 Million in Financing for East Village Mixed-Use Multifamily Property"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position:inside }\n.bwalignl { text-align: left }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Walker &amp; Dunlop Arranges $203 Million in Financing for East Village Mixed-Use Multifamily Property<\/b><\/p>\n<p class=\"bwalignl\">BETHESDA, Md.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2F&amp;esheet=54620670&amp;newsitemid=20261012377040&amp;lan=en-US&amp;anchor=Walker+%26+Dunlop%2C+Inc.&amp;index=1&amp;md5=6ee23bf540244ea5038963310cc37275\">Walker &amp; Dunlop, Inc.<\/a> announced today that it has arranged $203,500,000 in construction financing for the development of 50 Third Avenue, a 184-unit mixed-use multifamily development with 12,529 square feet of ground-floor retail at the crossroads of 11th street and Third Avenue in Manhattan\u2019s East Village.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20261012377040\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261012377040\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 371px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261012377040\/en\/2931423\/4\/50_Third_Image.jpg\" alt=\"50 Third Avenue. Photo Credit: Beyer Blinder Belle Architects\" \/><\/p>\n<p style=\"font-size:85%\">50 Third Avenue. Photo Credit: Beyer Blinder Belle Architects<\/p>\n<\/div>\n<p>Walker &amp; Dunlop <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fservices%2Fcapital-markets%2Finstitutional-advisory&amp;esheet=54620670&amp;newsitemid=20261012377040&amp;lan=en-US&amp;anchor=Capital+Markets+Institutional+Advisory&amp;index=2&amp;md5=bf22032b8f20d3f68840a8264722af3d\">Capital Markets Institutional Advisory<\/a> served as exclusive advisor to joint venture partners, SK Development and Kinsmen Property Group. <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout%2Fpeople%2Faaron-appel&amp;esheet=54620670&amp;newsitemid=20261012377040&amp;lan=en-US&amp;anchor=Aaron+Appel&amp;index=3&amp;md5=e68f6cfa86ef70ebb7bc13f61d893b34\">Aaron Appel<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout%2Fpeople%2Fkeith-kurland&amp;esheet=54620670&amp;newsitemid=20261012377040&amp;lan=en-US&amp;anchor=Keith+Kurland&amp;index=4&amp;md5=b8d6f4cf9519bc1aefe634acbc7e0a0c\">Keith Kurland<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout%2Fpeople%2Fjonathan-schwartz&amp;esheet=54620670&amp;newsitemid=20261012377040&amp;lan=en-US&amp;anchor=Jonathan+Schwartz&amp;index=5&amp;md5=dcf35e19e3d89acfecc8332e08745186\">Jonathan Schwartz<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout%2Fpeople%2Fadam-schwartz&amp;esheet=54620670&amp;newsitemid=20261012377040&amp;lan=en-US&amp;anchor=Adam+Schwartz&amp;index=6&amp;md5=2b5afb08fd479b7640f802aff50f23fa\">Adam Schwartz<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout%2Fpeople%2Fdustin-stolly&amp;esheet=54620670&amp;newsitemid=20261012377040&amp;lan=en-US&amp;anchor=Dustin+Stolly&amp;index=7&amp;md5=2df4b09023f9600b919433c69fbefbaa\">Dustin Stolly<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout%2Fpeople%2Fsean-reimer&amp;esheet=54620670&amp;newsitemid=20261012377040&amp;lan=en-US&amp;anchor=Sean+Reimer&amp;index=8&amp;md5=86d4cb45cbf78f5ba8af181fb4e98ae9\">Sean Reimer<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout%2Fpeople%2Fsean-bastian&amp;esheet=54620670&amp;newsitemid=20261012377040&amp;lan=en-US&amp;anchor=Sean+Bastian&amp;index=9&amp;md5=137a900912d39f4040c5b672e938239c\">Sean Bastian<\/a> arranged the floating rate, interest only loan through Ironsand.<\/p>\n<p>\u201cThe East Village combines exceptionally limited new housing supply with sustained renter demand, creating compelling fundamentals for a project of this caliber,\u201d said Appel, senior managing director of Capital Markets and co-head of Institutional Advisory at Walker &amp; Dunlop. \u201cVacancy in the neighborhood remains low while proximity to major employment centers and the area\u2019s appeal to young professionals and high-income renters continue to support demand. This financing provides SK Development and Kinsmen Property Group with the capital needed to bring 50 Third Avenue to market at a time when new housing remains particularly constrained.\u201d<\/p>\n<p>The proposed 17-story development will include two adjoining Class A residential buildings. 37 residences will be designated as affordable for households earning 80% or less of area median income (AMI). Residents will have access to a comprehensive amenity program that includes a fitness center, yoga studio, sauna, cold plunge, golf simulator, coworking space, resident lounge and curated common terraces. The ground-floor retail space will feature prominent Third Avenue frontage, visibility and pedestrian traffic suited to food and beverage and service-oriented tenants.<\/p>\n<p>\u201c50 Third Avenue is positioned to become a marquee luxury multifamily development in a submarket that continues to attract institutional investment,\u201d said Scott Shnay, principal at SK Development. \u201cThe financing arranged by Walker &amp; Dunlop allows us to execute our long-term vision for the property: delivering thoughtfully designed housing, a substantial affordable component and a high-quality residential experience in one of Manhattan\u2019s most established neighborhoods.\u201d<\/p>\n<p>Located in Manhattan\u2019s East Village, 50 Third Avenue benefits from one of New York City\u2019s most supply-constrained markets. The submarket had a vacancy rate of approximately <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sec.gov%2FArchives%2Fedgar%2Fdata%2F1258361%2F000153949726001937%2Fn5995_x3-ts.htm%3F&amp;esheet=54620670&amp;newsitemid=20261012377040&amp;lan=en-US&amp;anchor=2.0%25+and+average+asking+rents+of+approximately+%245%2C440+per+month+as+of+June+2026&amp;index=10&amp;md5=39296b96715eca5e74c7d1c498b44b11\">2.0% and average asking rents of approximately $5,440 per month as of June 2026<\/a>, underscoring strong demand for housing in the neighborhood. The property also benefits from its proximity to New York University, major Manhattan employment centers and the East Village\u2019s extensive dining, retail, entertainment and transportation options.<\/p>\n<p>\u201c50 Third Avenue presented an opportunity to finance a well-conceived development backed by an experienced ownership team in a market with significant barriers to new construction,\u201d said Brian Renzi, managing principal at Ironsand. \u201cThe combination of market-rate and affordable housing, thoughtfully designed amenities and a prominent retail component create a differentiated project, and we were glad to support Walker &amp; Dunlop, SK Development, and Kinsmen Property Group through construction and delivery.\u201d<\/p>\n<p>In the first half of 2026, Walker &amp; Dunlop\u2019s Capital Markets team sourced over $13.9 billion from non-Agency capital providers, including nearly $9.6 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry\u2019s top developers, owners, and operators. To learn more about Walker &amp; Dunlop\u2019s broad financing options, visit our <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fservices%2Fcapital-markets&amp;esheet=54620670&amp;newsitemid=20261012377040&amp;lan=en-US&amp;anchor=website&amp;index=11&amp;md5=73800d9664febae8a2ffeaaf9518c596\">website<\/a>.<\/p>\n<p><strong>About Walker &amp; Dunlop<\/strong><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fwhat-makes-us-different%2F&amp;esheet=54620670&amp;newsitemid=20261012377040&amp;lan=en-US&amp;anchor=Walker+%26+Dunlop&amp;index=12&amp;md5=e0fc11fbfdc925731a2ca000bffa4304\">Walker &amp; Dunlop<\/a> (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.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261012377040r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261012377040\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261012377040\/en\/<\/a><\/span><\/p>\n<p class=\"bwalignl\"><b>Media:<\/b><br \/>Nina H. von Waldegg<br \/>Public Relations<br \/><i>Phone<\/i> 301.564.3291<br \/><a rel=\"nofollow\" href=\"mailto:nhvwaldegg@walkerdunlop.com\">nhvwaldegg@walkerdunlop.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York Maryland United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Architecture Other Construction &amp; Property Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Construction &amp; Property REIT<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261012377040\/en\/2931423\/3\/50_Third_Image.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">50 Third Avenue. Photo Credit: Beyer Blinder Belle Architects<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261012377040\/en\/2931422\/3\/WD_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Walker &amp; Dunlop Arranges $203 Million in Financing for East Village Mixed-Use Multifamily Property BETHESDA, Md.&#8211;(BUSINESS WIRE)&#8211;Walker &amp; Dunlop, Inc. announced today that it has arranged $203,500,000 in construction financing for the development of 50 Third Avenue, a 184-unit mixed-use multifamily development with 12,529 square feet of ground-floor retail at the crossroads of 11th street and Third Avenue in Manhattan\u2019s East Village. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20261012377040\/en\/ 50 Third Avenue. Photo Credit: Beyer Blinder Belle Architects Walker &amp; Dunlop Capital Markets Institutional Advisory served as exclusive advisor to joint venture partners, SK Development and Kinsmen Property Group. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, and Sean Bastian arranged the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-203-million-in-financing-for-east-village-mixed-use-multifamily-property\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Walker &amp; Dunlop Arranges $203 Million in Financing for East Village Mixed-Use Multifamily Property&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1009425","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Walker &amp; Dunlop Arranges $203 Million in Financing for East Village Mixed-Use Multifamily Property - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-203-million-in-financing-for-east-village-mixed-use-multifamily-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walker &amp; Dunlop Arranges $203 Million in Financing for East Village Mixed-Use Multifamily Property - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Walker &amp; Dunlop Arranges $203 Million in Financing for East Village Mixed-Use Multifamily Property BETHESDA, Md.&#8211;(BUSINESS WIRE)&#8211;Walker &amp; Dunlop, Inc. announced today that it has arranged $203,500,000 in construction financing for the development of 50 Third Avenue, a 184-unit mixed-use multifamily development with 12,529 square feet of ground-floor retail at the crossroads of 11th street and Third Avenue in Manhattan\u2019s East Village. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20261012377040\/en\/ 50 Third Avenue. Photo Credit: Beyer Blinder Belle Architects Walker &amp; Dunlop Capital Markets Institutional Advisory served as exclusive advisor to joint venture partners, SK Development and Kinsmen Property Group. 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Dunlop Arranges $203 Million in Financing for East Village Mixed-Use Multifamily Property - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-203-million-in-financing-for-east-village-mixed-use-multifamily-property\/","og_locale":"en_US","og_type":"article","og_title":"Walker &amp; Dunlop Arranges $203 Million in Financing for East Village Mixed-Use Multifamily Property - Market Newsdesk","og_description":"Walker &amp; Dunlop Arranges $203 Million in Financing for East Village Mixed-Use Multifamily Property BETHESDA, Md.&#8211;(BUSINESS WIRE)&#8211;Walker &amp; Dunlop, Inc. announced today that it has arranged $203,500,000 in construction financing for the development of 50 Third Avenue, a 184-unit mixed-use multifamily development with 12,529 square feet of ground-floor retail at the crossroads of 11th street and Third Avenue in Manhattan\u2019s East Village. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20261012377040\/en\/ 50 Third Avenue. Photo Credit: Beyer Blinder Belle Architects Walker &amp; Dunlop Capital Markets Institutional Advisory served as exclusive advisor to joint venture partners, SK Development and Kinsmen Property Group. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, and Sean Bastian arranged the &hellip; Continue reading \"Walker &amp; Dunlop Arranges $203 Million in Financing for East Village Mixed-Use Multifamily Property\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-203-million-in-financing-for-east-village-mixed-use-multifamily-property\/","og_site_name":"Market Newsdesk","article_published_time":"2026-10-12T22:33:08+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20261012377040\/en\/2931423\/4\/50_Third_Image.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-203-million-in-financing-for-east-village-mixed-use-multifamily-property\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-203-million-in-financing-for-east-village-mixed-use-multifamily-property\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Walker &amp; 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