BETHESDA, Md.--(BUSINESS WIRE)--Dec 8, 2025--
Walker & Dunlop, Inc. announced today that it has arranged a $285,000,000 bridge loan to an affiliate of Madison Realty Capital, to refinance Greenpoint Central, a newly built, 473-unit Class-A multifamily property in Brooklyn’s thriving Greenpoint neighborhood.
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Walker & Dunlop Capital Markets Institutional Advisory, led by Sean Reimer, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Ari Hirt, Cole Grims, and Nicholas Gilhooley, arranged the loan from TPG Real Estate Credit.
The property’s multifamily rental component includes thoughtfully designed studio, one- and two-bedroom apartments, with 70% market-rate and 30% affordable units developed through the Affordable New York (ANY) 421(a) Option C program and the Inclusionary Housing program. The property also features 19,589 square feet of retail space on the ground and cellar floors.
“Located in a prime Greenpoint location with access to scenic river views and convenient proximity to Brooklyn, Queens, and Manhattan, this property offers an intimate, livable alternative to Manhattan and other parts of Brooklyn,” said Reimer, managing director at Walker & Dunlop. “We’re proud to represent Madison Realty Capital in refinancing this construction loan, supporting funding reserves, closing, and the return of equity to investors.”
Greenpoint is a waterfront neighborhood that seamlessly combines historic character with modern convenience. With local boutiques, award-winning restaurants, artisanal coffee shops, and parks like McCarren and Transmitter, it offers a unique mix of community charm and urban sophistication. Its proximity to Williamsburg, Long Island City, and Midtown Manhattan via the G train, NYC Ferry, and nearby bike paths make it highly accessible while maintaining a distinct neighborhood feel.
“The area’s evolving waterfront, cultural institutions, and creative community continue to attract renters, creating sustained demand in the Williamsburg-Greenpoint submarket. With only 850 new units delivered annually on average and 1,200 currently under construction, Greenpoint Central is well positioned to deliver vibrant new rental housing options for the Greenpoint community,” said Samir Tejpaul, managing director and head of Capital Markets at Madison Realty Capital. “We are grateful for the financing solution and strategic support provided by Walker & Dunlop, alongside TPG.”
Madison Realty Capital is a vertically integrated real estate private equity firm focused on real estate private credit. Walker & Dunlop is one of the top providers of capital to the U.S. multifamily market; in 2024 the firm originated over $30 billion in debt financing volume, including over $25 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry’s top developers, owners, and operators. To learn more about Walker & Dunlop’s broad financing options, visit our website.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.
About Madison Realty Capital
Madison Realty Capital is a real estate private credit manager focused on US-based commercial real estate lending strategies. As of June 30, 2025, the firm and its controlled affiliates (collectively, "Madison") manage $23 billion in assets on behalf of a global institutional investor base. Since 2004, Madison has completed $70 billion of real estate credit transactions. Madison seeks to deliver value at every phase of the property lifecycle by providing tailored financing solutions to borrowers across the capital stack. To learn more, follow Madison Realty Capital on LinkedIn and visit www.madisonrealtycapital.com.
Greenpoint Central. Photo Credit: Eli Marias
WASHINGTON (AP) — Homeland Security Secretary Kristi Noem testified in the Senate on Tuesday in her first congressional appearance since the shooting deaths of two protesters in Minneapolis galvanized widespread opposition to how the Trump administration was executing its mass deportation agenda.
Noem's appearance in front of the Judiciary Committee also comes after a weekend shooting at a bar in Texas that is being investigated as a possible act of terrorism, leading to concerns that the escalating conflict in Iran could have repercussions for security in the U.S.
Her department's immigration tactics triggered a clash in Congress over its routine funding, which remains unresolved, although a spending bill passed last year granted it a significant infusion of cash for the Republican administration's mass deportation policy.
Noem defended her agency’s treatment of immigrants caught up in enforcement activities, and blamed activists and others for attacks against officers. She also lashed out at Democrats for the congressional funding showdown.
“The latest Democrat-led shutdown of DHS is reckless,” Noem said. “It’s unnecessary, and it undermines the American national security, and it harms the men and women who work at DHS and their families.”
Noem last appeared in Congress in December. But since then, President Donald Trump's immigration agenda and its enforcement by Noem's department have met fierce resistance in Minnesota, culminating in the deaths of two protesters, both U.S. citizens, at the hands of federal immigration officers.
In what was initially billed as an effort to root out fraud in Minnesota, Homeland Security eventually sent hundreds of officers from Immigration and Customs Enforcement and Customs and Border Protection to the state. They were met by protesters who organized marches, patrolled neighborhoods for ICE activity with whistles and ferried food to immigrants too afraid to leave their homes.
Renee Good was shot and killed by an ICE officer on Jan. 7, setting off intense protests by Minnesota politicians and residents pushing for Homeland Security to end its operation in the state. Then on Jan. 24, Customs and Border Protection officers opened fire on another Minnesota resident, Alex Pretti, who had been filming enforcement operations.
Those deaths led to cries for accountability and transparency. Noem, whose initial comments portrayed both Good and Pretti as the aggressors, has come under withering criticism by Democrats and even some Republicans, who have called for her to resign.
After public outrage over the deaths, Trump sent border czar Tom Homan to Minneapolis to take control of operations on the ground there. Homan has since announced a drawdown of the ICE and CBP officers who had been sent to Minnesota to carry out what had been dubbed Operation Metro Surge, although he's been adamant that the president's mass deportation agenda will continue.
Noem faced questioning from Democrats who say officers under her control have abused their power, used excessive force and violated people's constitutional rights in carrying the Trump administration's agenda.
Sen. Dick Durbin of Illinois, the top Democrat on the committee, repeatedly questioned Noem about comments she made immediately after the deaths of both Good and Pretti that cast them as the aggressors in the events leading up to their deaths. He called on her to apologize.
“You and your agency rushed to brand these victims as, quote, domestic terrorists," Durbin said. “We have ample video evidence and eyewitness testimony proving you are wrong. Your statements caused immeasurable pain to these families.”
Noem said she was relying on information from people on the scene and blamed “violent protesters” for contributing to the chaos officers encountered.
“I was getting reports from the ground from agents at the scene, and I would say that it was a chaotic scene, as you’ve seen in Minneapolis and St. Paul," she said. Her officers “worked at targeting the worst of the worst” and many times faced violence from protesters, she added.
Homeland Security has often blamed conflicts in places like Minneapolis and Chicago where it's carrying out immigration enforcement activities as the fault of Democratic politicians who they say encourage people to oppose officers as they try to make arrests.
Noem is also slated to appear Wednesday in front of a House committee.
Angel Moms, parents whose children have died because of illegal immigrants, listen as Homeland Security Secretary Kristi Noem appears for an oversight hearing before the Senate Judiciary Committee, at the Capitol in Washington, Tuesday, March 3, 2026. (AP Photo/J. Scott Applewhite)
Homeland Security Secretary Kristi Noem is sworn in before appearing for an oversight hearing before the Senate Judiciary Committee, at the Capitol in Washington, Tuesday, March 3, 2026. (AP Photo/J. Scott Applewhite)
Homeland Security Secretary Kristi Noem appears for an oversight hearing before the Senate Judiciary Committee, at the Capitol in Washington, Tuesday, March 3, 2026. (AP Photo/J. Scott Applewhite)
Homeland Security Secretary Kristi Noem appears for an oversight hearing before the Senate Judiciary Committee, at the Capitol in Washington, Tuesday, March 3, 2026. (AP Photo/J. Scott Applewhite)
Homeland Security Secretary Kristi Noem appears for an oversight hearing before the Senate Judiciary Committee, at the Capitol in Washington, Tuesday, March 3, 2026. (AP Photo/J. Scott Applewhite)
Homeland Security Secretary Kristi Noem is seen before President Donald Trump delivers the State of the Union address to a joint session of Congress in the House chamber at the U.S. Capitol in Washington, Tuesday, Feb. 24, 2026. (AP Photo/Alex Brandon)
