Walker & Dunlop Arranges $300 Million Refinancing for Mixed
Walker & Dunlop (WD) arranged $293.2M refinancing for 40 Tenth Avenue, a mixed-use property in Manhattan. The deal was for Aurora Capital and William Gottlieb Real Estate, with Corebridge Financial as the lender. The property is fully leased with office and retail tenants.
How this was made

The 30-second read
Why it matters
The refinancing showcases the firm's ability to secure large, permanent debt for high‑profile assets, potentially supporting future deal flow.
Market read
A notable financing transaction for a Manhattan asset, indicating sustained demand for CRE capital.
What to watch
Potential impact of rising interest rates on future financing opportunities for the firm.
Background
Walker & Dunlop is a leading commercial‑real‑estate finance and advisory firm listed on NYSE.
Ticker impact
Walker & Dunlop announced a $293.2 million refinancing of the 40 Tenth Avenue mixed‑use property in Manhattan.
Modest upside potential for WD as the deal showcases the firm's financing capabilities.
Refinancing of a high‑profile Manhattan asset signals strong demand for commercial real‑estate capital, but the transaction size is modest relative to the firm's overall business.
Market effects
Highlights continued appetite for large‑scale commercial‑real‑estate financing in New York.
May reinforce confidence in Manhattan office‑retail assets.
Limited; primarily a U.S. commercial‑real‑estate financing story.
Counterpoint
The refinancing may not materially affect WD's stock price given its size and the broader market focus on tech and macro data.
Key entities
- CompanyWalker & Dunlop
NYSE‑listed commercial‑real‑estate finance firm.
- CompanyAurora Capital
Owner of the 40 Tenth Avenue property.
