Walker & Dunlop Arranges $237 Million Refinance for Premier Mixed-Use, Sleepy Hollow Community
Walker & Dunlop has secured a $237.5 million refinancing package for Edge-on-Hudson, a 70-acre mixed-use development in Sleepy Hollow, New York. The financing covers both the master development and The Daymark, a 5-story luxury condominium within the project.
The development, located 25 miles north of Manhattan, will feature:
- 1,177 residential units (townhomes, condominiums, and apartments)
- 135,000 sq ft of retail space
- 35,000 sq ft of office space
- A 140-room boutique hotel
- 16+ acres of parkland
The Daymark component includes 100 luxury residences across 175,735 square feet, with over 70% of units already under contract. First move-ins are expected in September 2025. The development features sustainable design, walkable communities, and transit-oriented amenities with easy access to Manhattan via Metro-North stations.
Walker & Dunlop ha ottenuto un pacchetto di rifinanziamento da 237,5 milioni di dollari per Edge-on-Hudson, un progetto di sviluppo a uso misto su 70 acri a Sleepy Hollow, New York. Il finanziamento copre sia lo sviluppo principale sia The Daymark, un condominio di lusso di 5 piani all’interno del progetto.
Lo sviluppo, situato a 40 km a nord di Manhattan, comprenderà:
- 1.177 unità residenziali (case a schiera, condomini e appartamenti)
- 13.000 m² di spazi commerciali
- 3.250 m² di uffici
- Un boutique hotel con 140 camere
- Oltre 16 acri di aree verdi
La sezione The Daymark include 100 residenze di lusso per un totale di 16.335 m², con oltre il 70% delle unità già vendute. Le prime consegne sono previste per settembre 2025. Il progetto si caratterizza per un design sostenibile, comunità pedonali e servizi orientati al trasporto pubblico, con facile accesso a Manhattan tramite le stazioni Metro-North.
Walker & Dunlop ha asegurado un paquete de refinanciamiento de 237,5 millones de dólares para Edge-on-Hudson, un desarrollo de uso mixto de 70 acres en Sleepy Hollow, Nueva York. El financiamiento cubre tanto el desarrollo maestro como The Daymark, un condominio de lujo de 5 pisos dentro del proyecto.
El desarrollo, ubicado a 40 km al norte de Manhattan, contará con:
- 1,177 unidades residenciales (casas adosadas, condominios y apartamentos)
- 13,000 m² de espacio comercial
- 3,250 m² de oficinas
- Un hotel boutique con 140 habitaciones
- Más de 16 acres de zonas verdes
La parte de The Daymark incluye 100 residencias de lujo que suman 16,335 m², con más del 70% de las unidades ya bajo contrato. Se esperan las primeras mudanzas en septiembre de 2025. El desarrollo presenta un diseño sostenible, comunidades caminables y comodidades orientadas al transporte, con fácil acceso a Manhattan a través de las estaciones Metro-North.
Walker & Dunlop는 뉴욕 슬리피 할로우에 위치한 70에이커 규모의 복합 개발 프로젝트 Edge-on-Hudson를 위해 2억 3,750만 달러의 재융자 패키지를 확보했습니다. 이 자금은 마스터 개발과 프로젝트 내 5층 고급 콘도미니엄인 The Daymark를 포함합니다.
맨해튼에서 북쪽으로 40km 떨어진 이 개발에는 다음이 포함됩니다:
- 1,177개의 주거 단위(타운홈, 콘도미니엄, 아파트)
- 13,000㎡의 소매 공간
- 3,250㎡의 사무 공간
- 140실 규모의 부티크 호텔
- 16에이커 이상의 공원 부지
The Daymark는 175,735평방피트(약 16,335㎡)에 걸쳐 100개의 고급 주택을 포함하며, 70% 이상의 유닛이 이미 계약되었습니다. 첫 입주는 2025년 9월로 예상됩니다. 이 개발은 지속 가능한 디자인, 도보 친화적 커뮤니티, 그리고 Metro-North 역을 통한 맨해튼 접근이 용이한 대중교통 중심 편의시설을 특징으로 합니다.
Walker & Dunlop a obtenu un financement de refinancement de 237,5 millions de dollars pour Edge-on-Hudson, un développement à usage mixte de 70 acres situé à Sleepy Hollow, New York. Ce financement couvre à la fois le développement principal et The Daymark, un condominium de luxe de 5 étages faisant partie du projet.
Le développement, situé à 40 km au nord de Manhattan, comprendra :
- 1 177 unités résidentielles (maisons en rangée, condominiums et appartements)
- 13 000 m² d’espaces commerciaux
- 3 250 m² de bureaux
- Un hôtel boutique de 140 chambres
- Plus de 16 acres d’espaces verts
La partie The Daymark comprend 100 résidences de luxe réparties sur 16 335 m², avec plus de 70 % des unités déjà sous contrat. Les premiers emménagements sont prévus pour septembre 2025. Le développement se distingue par un design durable, des communautés piétonnes et des commodités axées sur les transports, avec un accès facile à Manhattan via les gares Metro-North.
Walker & Dunlop hat ein 237,5 Millionen US-Dollar umfassendes Refinanzierungspaket für Edge-on-Hudson gesichert, ein 70 Hektar großes gemischt genutztes Entwicklungsprojekt in Sleepy Hollow, New York. Die Finanzierung umfasst sowohl die Hauptentwicklung als auch The Daymark, ein fünfstöckiges Luxus-Eigentumswohngebäude innerhalb des Projekts.
Die Entwicklung, 40 km nördlich von Manhattan gelegen, wird folgende Merkmale aufweisen:
- 1.177 Wohneinheiten (Reihenhäuser, Eigentumswohnungen und Apartments)
- 13.000 m² Einzelhandelsfläche
- 3.250 m² Bürofläche
- Ein Boutique-Hotel mit 140 Zimmern
- Mehr als 16 Hektar Parkflächen
Der The Daymark-Bereich umfasst 100 luxuriöse Wohneinheiten auf 16.335 m², wobei bereits über 70 % der Einheiten verkauft sind. Die ersten Einzüge sind für September 2025 geplant. Das Projekt zeichnet sich durch nachhaltiges Design, fußgängerfreundliche Gemeinschaften und verkehrsorientierte Annehmlichkeiten mit einfachem Zugang nach Manhattan über die Metro-North-Stationen aus.
- Secured substantial $237.5M refinancing package, demonstrating strong market confidence
- High pre-sale success with over 70% of The Daymark's luxury units under contract
- Strategic location 25 miles from Manhattan with transit connectivity
- Significant commercial components including retail, office, and hotel space
- None.
Insights
Walker & Dunlop's $237.5 million financing arrangement for Edge-on-Hudson demonstrates the company's continued strength in its capital markets business. As exclusive advisors on this transaction, WD showcases its ability to structure complex financing packages for major mixed-use developments, reinforcing its position as a leading commercial real estate finance firm.
The deal's size is notable but should be viewed in context of the company's overall transaction volume. In 2024, WD's Capital Markets team sourced over
This transaction highlights WD's ability to serve sophisticated institutional clients like King Street Capital Management and Biddle Real Estate Ventures, showcasing their trusted advisor status on high-profile developments. The company's involvement in transit-oriented mixed-use communities aligns with current real estate market preferences, potentially positioning them for similar deals as more developers pursue comparable projects.
The financing package's successful execution amid current interest rate conditions demonstrates WD's continued ability to close significant transactions in challenging market environments, suggesting resilient demand for their capital markets expertise. This reinforces their business model's effectiveness and indicates healthy transaction flow continuing through 2025.
The Edge-on-Hudson financing arranged by Walker & Dunlop represents a significant vote of confidence in large-scale, mixed-use developments in suburban markets near major metropolitan areas. The project's scale—70 acres with 1,177 residential units and 135,000 square feet of retail space—positions it as a transformative development in the Hudson Valley region.
Particularly noteworthy is The Daymark condominium's
The transit-oriented nature of this development, located 25 miles from Manhattan with access to two Metro-North stations, aligns perfectly with post-pandemic migration patterns favoring accessible suburban locations with urban amenities. Walker & Dunlop's specialization in financing such developments demonstrates market foresight and strategic positioning in a resilient segment of commercial real estate.
For Walker & Dunlop, this transaction showcases their ability to facilitate financing for complex, multi-phase developments with multiple components. Their involvement in projects of this caliber enhances their reputation among institutional developers and creates opportunities for additional business as the remaining phases of Edge-on-Hudson and similar developments throughout the Northeast corridor require financing solutions.
Photo courtesy of Edge-on-
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-
The Daymark, located on the southwest parcel of the Edge-on-
“This financing emphasizes the tremendous progress at Edge-on-
In 2024, Walker & Dunlop’s Capital Markets team sourced over
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in
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Investors:
Kelsey Duffey
Investor Relations
Phone 301.202.3207
investorrelations@walkeranddunlop.com
Media:
Nina H. von Waldegg
VP, Public Relations
Phone 301.564.3291
info@walkeranddunlop.com
Phone 301.215.5500
7272 Wisconsin Avenue, Suite 1300
Source: Walker & Dunlop, Inc.
FAQ
What is the total value of the refinancing package arranged by Walker & Dunlop (WD) for Edge-on-Hudson?
How many residential units will the Edge-on-Hudson development include?
What is the current pre-sale status of The Daymark condominiums at Edge-on-Hudson?
What commercial space is planned for the Edge-on-Hudson development?
How much parkland is included in the Edge-on-Hudson development?
