PORT CHESTER, N.Y. — Walker & Dunlop has arranged $147.5 million in construction financing for 2 South Main, a 322-unit multifamily project in Port Chester, located along the New York-Connecticut border. Information on specific floor plans and amenities was not disclosed, but the 12-story building will include 330 parking spaces and 5,000 square feet of retail space. Mo Beler, Jonathan Paine, Cory Elbaum, Jackson Irwin and Dawson Jessee of Walker & Dunlop secured the equity component of the financing via an investment from Related Fund Management. Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet and Stanley Cayre of Walker & Dunlop arranged construction debt for the project through Arbor Realty Trust. The sponsor is a joint venture between Hyperion Group, Winter Properties and AIP. LRC Construction is the general contractor for 2 South Main, an expected completion date of which was not announced.
