Walker & Dunlop Arranges Refinancing of New York City Landmark, Casa Cipriani
29 Februar 2024 - 1:00AM
Business Wire
Walker & Dunlop, Inc., Capital Markets announced today that
it arranged a $103 million commercial mortgage-backed security
(CMBS) loan with Citigroup, J.P. Morgan, and Argentic to facilitate
the refinancing of Casa Cipriani, a boutique hotel, private members
club, and event space located at 10 South Street in New York,
NY.
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Casa Cipriani (Photo: Business Wire)
The Walker & Dunlop New York Capital Markets team, led by
Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, and
Sean Bastian, served as exclusive advisors to clients Cipriani,
Midtown Equities, and Centaur Properties.
Originally known as the Battery Maritime Building and
constructed in 1909 to serve ferries traveling to Brooklyn, Casa
Cipriani is a one-of-a-kind, highly visible New York City landmark
featuring irreplaceable historical detail. Its unparalleled
location, combination of luxury event, dining, hospitality, and
social spaces, and iconic architecture, have made it a leading New
York City attraction since opening.
The Sponsorship team completed their re-development of the
famous property in 2021, delivering three distinct, upscale
concepts – a 47-key luxury boutique hotel, an exclusive private
members' club, and grand event space – to one of the last prime
waterfront development sites in Manhattan.
"Casa Cipriani is a truly irreplaceable asset that has quickly
solidified itself as one of the premier hospitality and event
destinations within New York City," said Aaron Appel, senior
managing director and co-head of New York Capital Markets at Walker
& Dunlop. “The quality of the product delivered by the clients,
in addition to the outstanding economic performance of the
property, resulted in a highly competitive financing process
despite the challenges in today's capital markets environment."
In 2023, Walker & Dunlop’s Capital Markets group sourced
capital for transactions totaling nearly $12 billion from
non-Agency capital providers. 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. Our ideas and capital create communities where people live,
work, shop, and play. The diversity of our people, breadth of our
brand and technological capabilities make us one of the most
insightful and client-focused firms in the commercial real estate
industry.
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version on businesswire.com: https://www.businesswire.com/news/home/20240228832910/en/
Investors: Kelsey Duffey Investor Relations Phone
301.202.3207 investorrelations@walkeranddunlop.com Media:
Nina H. von Waldegg VP, Public Relations Phone 301.564.3291
info@walkeranddunlop.com
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