Walker & Dunlop Secures $112.5 Million Refinance for Brooklyn’s Coveted Ace Hotel
Walker & Dunlop, Inc (WD)
Last walker & dunlop, inc earnings: 2/5 06:00 am
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Source: Business Wire
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, Dustin Stolly, Michael Brown, Sean Bastian, and Cole Grims, arranged the leasehold bridge loan from Torchlight Investors. Loan proceeds will be used to retire existing senior debt and preferred equity, including that provided by Corten Real Estate, as well as to fund closing and financing costs.The hotel is located at the intersection of Fort Greene, Boerum Hill, and Downtown Brooklyn, with access to six subway lines providing direct connectivity to Midtown Manhattan within 30 minutes. Surrounded b
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WD
Earnings
- 11/6/25 - Beat
WD
Sec Filings
- 12/9/25 - Form 4
- 12/9/25 - Form 4
- 12/9/25 - Form 4
- WD's page on the SEC website