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Walker & Dunlop Structures $205M for Midtown West Life Sciences Property
Walker & Dunlop structured $205,000,000 in financing for 619 W. 54th St. in Midtown West. Also known as Hudson Research Center, the Class A life science and medical office property is owned by a joint venture of Silverstein Properties, Inc. and Taconic Partners
The financing was arranged by Walker & Dunlop’s Aaron Appel, Keith Kurland, Mo Beler, Jonathan Schwartz, and Adam Schwartz, as well as Michael Diaz, Michael Ianno, and Sean Bastian. The team identified Square Mile as the ideal capital source, and arranged the interest-only financing with an attractive floating rate, three-year term, and two one-year extension options.
“Walker & Dunlop witnessed an incredible amount of demand for this financing given the best-in-class sponsor and attractive asset type, despite a challenging capital markets landscape during the COVID-19 pandemic,” said Kurland.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
