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Business Wire
9 days ago
Walker & Dunlop Secures $112.5 Million Refinance for Brooklyn's Coveted Ace Hotel
BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. announced today that it has secured a $112.5 million loan to refinance the Ace Hotel Brooklyn, a 13-story, 154,947 square foot, 287-room full-service hotel located at 252 Schermerhorn Street in Brooklyn, New York. Walker & Dunlop Capital Markets Institutional Advisory arranged the transaction for an affiliate of GFI Capital Resources Group, Inc. and Spruce Capital Partners. Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland.