A joint venture between Davean Holdings and Meadow Partners has secured $110 million to refinance a New York City multifamily portfolio that consists of18 properties and 112 multifamily units. Some of the neighborhood locations include Park Slope and East Village.
Walker & Dunlop arranged the financing for the JV, which first acquired the portfolio in 2021.
"Given the consistent demand from New York City renters to live in these preferred locations, we anticipate portfolio vacancy to remain significantly below the city's average over the long term," Adam Schwartz, senior managing director, and co-head of New York capital markets at Walker & Dunlop, said in a statement.
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