Walker & Dunlop Arranges Financing for Stamford Residential Conversion

Walker & Dunlop Arranges Financing for Stamford Residential Conversion
News| August 19, 2026| Paul Bubny
New York & Tri-State + Apartment Buildings

Walker & Dunlop has arranged a $74.5-million loan for the acquisition and redevelopment of The Caspian, a luxury development in Stamford, CT. The Walker & Dunlop Capital Markets Institutional Advisory team led by Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Jordan Casella and Stanley Cayre arranged the financing, provided by an affiliate of Apollo Global Management, on behalf of Sun Homes and Hudson Bay Capital.

Located at 68-70 Seaview Ave., the project will transform an existing seven-story, 241,000-square-foot waterfront office building into 63 luxury condominium residences featuring a mix of one-, two-, and three-bedroom homes along with townhome residences. Amenities include a grand lobby, indoor and outdoor amenity spaces, private rooftop terraces, a 57-slip marina and structured parking.

“Fairfield and Westchester counties remain highly supply-constrained residential markets, particularly for new waterfront product given limited developable shoreline and complex entitlement processes,” said Jonathan Schwartz. “The Caspian is uniquely positioned to address that supply-demand imbalance with a best-in-class luxury offering in one of the region’s most desirable waterfront locations. We’re grateful to Sun Homes, Hudson Bay Capital, and Apollo Global Management for their partnership in bringing this vision forward.”

The conversations behind tomorrow’s apartment deals happen at Connect Apartments on September 22 in LA. Connect with the capital sources, owners, developers, and brokers driving multifamily investment. Learn more and reserve your seat at www.connectapts2026.com.

Other News

Walton Global Sells 110 Residential Lots in Virginia to D.R. Horton

Washington DC + Apartment Buildings

Walton Global announced the sale of approximately 48 acres comprising 110 residential lots in the Ladysmith Village master-planned community located in Ruther Glen, Virginia, to land developer S7 Real Estate, who plans to sell finished lots to D.R. Horton. The transaction marks the second successful land sale within the community, continuing the vision for a...

Learn more

Cadillac Fairview Buys Toronto Rental Tower For $162M

Canada + Apartment Buildings

Cadillac Fairview has acquired a recently completed Toronto rental tower for $162M, adding a prime downtown property to its growing multifamily portfolio as it expands beyond its traditional office and retail holdings. The 34-storey Ivy at 6-8 Gloucester St. was developed by Tricon Residential and Angel Developments. Tricon was acquired by global investment giant Blackstone...

Learn more

National Real Estate Advisors Celebrates Grand Opening of Dupont Circle Housing Project

Washington DC + Apartment Buildings

National Real Estate Advisors celebrated the grand opening of Aviator House, a former office building transformed into 157 residences, including 15 affordable units, in Washington, D.C.’s Dupont Circle neighborhood. The ribbon-cutting ceremony marked the formal unveiling of the first project advanced through and opened under the District’s Housing in Downtown (HID) initiative, transforming the former...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up