Walker & Dunlop Arrange $96M Construction Loan For Sunset Park Multifamily Property

The multifamily property located at 737 4th Avenue in Sunset Park, Brooklyn, consisting of 187 units, was involved in a recent transaction. JP Morgan and Canyon Partners provided a construction loan amounting to $96,000,000 for this asset. The property's landlords are BEB Capital, Totem, Ofer Cohen, and SK Development. The transaction was facilitated by brokers Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Mo Beler, and Michael Ianno from Walker & Dunlop.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $96,000,000
• Address: 737 4th Avenue
• Market: Sunset Park, Brooklyn
• Lender: JP Morgan & Canyon Partners
• Landlords: BEB Capital, Totem, Ofer Cohen, SK Development
• Brokers: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Mo Beler, Michael Ianno - Walker & Dunlop

The key individuals involved in this deal include Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Mo Beler, and Michael Ianno from Walker & Dunlop. These professionals played crucial roles in securing the significant construction loan provided by JP Morgan and Canyon Partners for the multifamily property in Sunset Park, Brooklyn.