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Walker & Dunlop Structures $170 Million In Financing From Pccp, Llc For Mixed-Use Renovation At Manhattan'S 122 Fifth Avenue

Nov 30, 2021•almost 4 years ago

Amount Raised

$170 Million

BethesdaFinancial Services

Description

Walker & Dunlop, Inc. announced today that it arranged $170,000,000 in financing from PCCP, LLC for 122 Fifth Avenue, a historic mixed-use office and retail building located on Fifth Avenue, between West 17th and 18th Streets, in Manhattan, New York. The property, owned by Bromley Companies for over 40 years, is currently undergoing a comprehensive renovation and repositioning plan.

Company Information

Company

Walker & Dunlop

Location

Bethesda, Maryland, United States

About

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.

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