Walker & Dunlop arranges $68.75 million construction loan of Miroza Tower 4

Yonkers, NY Walker & Dunlop arranged a $68.75 million construction loan to finance the development of Miroza Tower 4, a 14-story, 174-unit luxury Class A apartment tower with 248 parking spaces to be built at 599 Ridge Hill Blvd.

The Walker & Dunlop capital markets real estate finance team led by Jonathan Zilber, Joel Chetner, and Mackenzie Kerin arranged the fixed-rate, interest-only construction loan provided by Western Alliance Bank on behalf of Miroza at Ridge Hill.

Miroza Tower 4 represents the fourth and final phase of the Miroza at Ridge Hill master-planned development.

The project will deliver high-quality housing in a supply-constrained market and feature on-site amenities including an indoor pool, basketball court, fitness center, and other lifestyle offerings.

Walker & Dunlop previously arranged $145 million in financing for Miroza Towers 2 and 3 on behalf of Azorim in late 2025.

Miroza Tower 4 will be located within Ridge Hill, a mixed-use district offering access to retail, dining, entertainment, and major transportation corridors connecting residents to New York City and the broader metropolitan area.

Zilber said, “Best-in-class sponsors continue to attract best-in-class capital, and banks are once again competing aggressively for high-quality multifamily opportunities. Despite ongoing market headwinds, our deep familiarity with the sponsorship and ability to optimize the project’s PILOT and market-rate bond structure enabled us to deliver a highly competitive financing solution. We’re grateful to Miroza at Ridge Hill and Western Alliance Bank for their partnership on this transaction.”