Walker & Dunlop, Inc. announced today that it arranged $237.5 million in financing for Edge-on-Hudson, a transit-oriented mixed-use community spanning 70 acres and The Daymark, a premier 5-story luxury condominium located within the Edge-on-Hudson development along the Hudson River, in Sleepy Hollow, New York.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250415031320/en/

Photo courtesy of Edge-on-Hudson

The Walker & Dunlop New York Capital Markets team, led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Jordan Casella, Christopher de Raet, and Stanley Cayre, arranged the refinancing package as exclusive advisors to King Street Capital Management and Biddle Real Estate Ventures (BREV), with Hudson Bay Capital providing the funding.

Edge-on-Hudson is a transformative, 70-acre mixed-use development just 25 miles north of Manhattan in Sleepy Hollow, New York. The project is set to include 1,177 residential units, comprised of townhomes, condominiums, and apartments, along with 135,000 square feet of retail space, 35,000 square feet of office space, a 140-room boutique hotel and more than 16 acres of parkland. Designed as a sustainable, walkable community with stunning river views, it promotes a live-work-play environment with amenities such as parks, walking trails, a waterfront promenade, and communal spaces. Edge-on-Hudson is transit-oriented, offering easy access to Manhattan via two nearby Metro-North stations. Since its inception in 2014, Edge-on-Hudson has become highly sought-after, with a significant portion of its residences sold or leased, and key developments, such as the new DeCicco & Sons market, and the Sleepy Hollow Riverwalk, which are now completed.

The Daymark, located on the southwest parcel of the Edge-on-Hudson community, is a luxury, waterfront 5-story condominium offering 100 luxury residences across 175,735 square feet. The building features a mix of one-, two-, and three-bedroom units, as well as townhome-style residences, along with 9,120 square feet of retail space. Since construction began in summer of 2022, the property has experienced strong demand, with over 70% of the residences already under contract. First move-ins are expected in September 2025.

“This financing emphasizes the tremendous progress at Edge-on-Hudson and the market’s strong confidence in our vision,” said Peter Chavkin, managing member at BREV. “As the Master Developer of Edge-on-Hudson, alongside New Jersey-based PCD Development, we are thrilled to work with the experienced and knowledgeable team at Walker & Dunlop.”

In 2024, Walker & Dunlop’s Capital Markets team sourced over $16 billion from non-Agency capital providers. 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/20250415031320/en/