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812 8th Avenue

Carlyle Group And Greenbrook Partners Secure $485.6M Refinance Loan From Walker & Dunlop For Brooklyn Portfolio
FINANCEDMultiFamily

Carlyle Group And Greenbrook Partners Secure $485.6M Refinance Loan From Walker & Dunlop For Brooklyn Portfolio

812 8th Avenue, 242 Madison Street & 441 1st Street

$485,600,000

Building Size

Asset Type

MultiFamily

Closing

Dec 15, 2025

AI

The transaction involved a multifamily asset comprising a 261-property townhouse portfolio located at 812 8th Avenue, 242 Madison Street, and 441 1st Street in Brooklyn. The refinance deal was facilitated with a loan from Walker & Dunlop amounting to $485,600,000.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $485,600,000
  • Lender: Walker & Dunlop
  • Landlord: Harvey M. Schwartz - Carlyle Group & Greg Fournier - Greenbrook Partners
  • Previous Debt: $500,000,000 held by Invesco
  • Date of Transaction: 12/15/2025

The deal was conducted by Harvey M. Schwartz representing Carlyle Group and Greg Fournier representing Greenbrook Partners. The refinancing of the portfolio was aimed at replacing the existing debt previously held by Invesco.

Players

Walker & Dunlop
Walker & DunlopLender

Greg Fournier

Greenbrook Partners

Landlord

$607.1M

vol

19 deals

Landlord
Carlyle Group
Carlyle GroupLandlord

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93