Walker & Dunlop Arranges $147.5 Million Debt and Equity Capitalization for Mixed-Use Development in Port Chester
Walker & Dunlop, Inc. announced today that it has arranged $147.5 million in debt and equity capitalization for the construction of 2 South Main, a landmark multi-family residence in downtown Port Chester, New York. Hyperion Group and Co-Developer AIP, working with general contractor LRC Construction, will deliver a 12-story, 355,000-square-foot building with 322 residences, state-of-the-art amenities, 330 parking spaces and 5,000 square-feet of retail.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260811803095/en/ 2 South Main. Photo Credits: Hyperion, AIP, Winter, Related Fund Management
Walker & Dunlop Capital Markets served as exclusive advisor to the sponsorship group, a joint venture between Hyperion, Winter Properties, and AIP. Mo Beler, Jonathan Paine, Cory Elbaum, Jackson Irwin, and Dawson Jessee arranged the equity investment from Related Fund Management, while Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet, and Stanley Cayre secured construction financing from Arbor Realty Trust. The project is in an Opportunity Zone and also benefits from a 20-year PILOT agreement through the Port Chester Industrial Development Agency (IDA).
