Walker & Dunlop Arranges $162.4 Million In Financing From Northwind Group For Shvo's Mandarin Oriental Residences, Fifth Avenue
Walker & Dunlop Arranges $162.4 Million In Financing From Northwind Group For Shvo's Mandarin Oriental Residences, Fifth Avenue
06/15/22, 5:00 PM
Location
bethesdaMoney raised
$162 million
Industry
financial services
Walker & Dunlop, Inc. announced today that it arranged $162,400,000 in construction financing for Mandarin Oriental Residences, Fifth Avenue, New York City's first turn-key branded residences available for sale. Located directly on Fifth Avenue at the intersection of East 54th Street in the heart of Manhattan's Plaza District, the property will be managed and operated by Mandarin Oriental, providing owners with access to luxury, five-star hotel services, without the hotel guests. Manhattan-based Northwind Group provided the whole loan solution through its discretionary debt fund
Company Info
Location
bethesda, maryland, united states
Additional Info
Walker & Dunlop (NYSE: WD) is the largest provider of capital to the multifamily industry in the United States and the fourth largest lender on all commercial real estate including industrial, office, retail, and hospitality. Walker & Dunlop enables real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. The power of our people, premier brand, and industry-leading technology make us more insightful and valuable to our clients, providing an unmatched experience every step of the way. With over 1,000 employees across every major U.S. market, Walker & Dunlop has consistently been named one of Fortune's Great Places to Work® and is committed to making the commercial real estate industry more inclusive and diverse while creating meaningful social, environmental, and economic change in our communities.