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Walker & Dunlop Arranges $158M for Turtle Bay Condo Project
Walker & Dunlop has arranged a $158-million construction loan for the development of 401 E. 51st St., a condominium project located in Manhattan’s Turtle Bay neighborhood. The W&D New York Capital Markets team led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Sean Reimer and Sean Bastian arranged the financing with TYKO Capital on behalf of CBSK Developers.
Located between First Avenue and Beekman Place, 401 E. 51st is an 83-unit condominium project. The tower will feature high-end residences including a mix of studios, one-bedrooms, two-bedrooms with offices, three-bedrooms, four-bedrooms and a five-bedroom penthouse. The tower will span more than 116,000 square feet across 26 stories.
Residents will enjoy proximity to a variety of restaurants, bars, retail offerings and galleries in addition to exclusive amenities including a state-of-the-art fitness center, resident lounge and private dining area. according to Walker & Dunlop.
- ◦Development
- ◦Financing

