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Bullish over 3–6 months as WD monetizes the advisory win and expands non-Agency deal flow.
What happened and why it matters
Walker & Dunlop Capital Markets arranged $147.5 million in debt and equity for 2 South Main, a 12-story, 355,000 square-foot multifamily development in Port Chester, NY. The deal leverages a 20-year PILOT and Opportunity Zone incentives, with Hyperion, Winter Properties and AIP as sponsors and Arbor Realty Trust providing financing. Construction begins in Q4 2026, highlighting robust demand for capital-efficient urban housing.
The deal demonstrates WD’s ability to win sizable advisory mandates and expand non-Agency financing, which could translate into higher near-term revenue and backlog growth; historically, big advisory wins in CRE can precede additional mandate wins.
Walker & Dunlop arranged $147.5M debt and equity capitalization for 2 South Main.
The 12-story, 355,000 SF project in Port Chester has 322 residences.
Sponsors Hyperion, Winter Properties, and AIP; LRC Construction; PILOT and Opportunity Zone incentives.
WD served as exclusive advisor; construction begins Q4 2026.
Industry News. Highlights ongoing CRE financing strength and WD’s role in capital formation for urban multifamily projects.
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