Case Study: Williamsburg Wharf secures $374.4 million refinancing with Walker & Dunlop

Williamsburg Wharf secures $374.4 million refinancing with Walker & Dunlop

Walker & Dunlop Capital Markets was engaged by Williamsburg Wharf, a master-planned waterfront development in Brooklyn, to arrange refinancing for the project's first phase. The challenge was to secure significant capital for the luxury rental property to support its financial structure.

The solution implemented by Walker & Dunlop was arranging $374.4 million in refinancing capital from Barings and MassMutual on behalf of the property owners. This successful refinancing was supported by the property's strong performance, with its luxury rental offerings achieving over 90% leased occupancy across more than 500 apartments since opening, underscoring the high demand in the submarket.

Williamsburg Wharf