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
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