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Walker & Dunlop Arranges Bridge Loans on Towers in OH, FL
Walker & Dunlop structured $30.5 million in acquisition financing for 65 E. State St. in Columbus, OH, along with $61,267,640 to acquire Bank of America Tower in Jacksonville, FL. Both properties are marquee office buildings that define their respective city’s skylines.
Walker & Dunlop’s Adam Schwartz, Aaron Appel, Keith Kurland, and Jonathan Schwartz, as well as Michael Ianno, Sean Bastian, and Ian Hawk arranged the financing package for longtime client Group RMC.
The team leveraged their extensive network of capital providers, identifying Prime Finance for Bank of America Tower, and Voya for 65 E. State. The three-year, interest-only bridge loans were arranged with attractive floating rates.
65 E. State is a 26-story high rise office tower with approximately 494,487 rentable square feet. Located in the heart of Columbus’ CBD, the institutional-quality asset is directly across the street from the Ohio State Capitol Building on Capitol Square.
Pictured: 65 E. State St., courtesy of Group RMC.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
