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NEW YORK CITY — Walker & Dunlop has secured $28.8 million for the refinancing of a Manhattan apartment tower. The York Apartments is located at 488 7th Avenue. It contains 108 studio, one- and two-bedroom units as well as four ground-floor retail spaces. The building was recently renovated and was 98 percent occupied at the time of closing. Drew Anderman of Walker & Dunlop led the team that arranged the financing for the borrower, 488 Seventh LLC. The loan carries a 10-year term with 2 years interest only, a 30-year amortization schedule, a 56.6 percent loan-to-value ratio and a 1.25x debt-service coverage ratio.