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New York & Tri-State  + Downtown New York  + Finance  |  February 29, 2024
Emily Fu
By: Emily Fu

W&D Secures $103M Refi for Casa Cipriani 

Walker & Dunlop, Inc., Capital Markets arranged a $103 million CMBS loan with Citigroup, JP Morgan, and Argentic for refinancing Casa Cipriani, a boutique hotel, members club, and event space in the Financial District.  

The historic Battery Maritime Building, now Casa Cipriani, was redeveloped in 2021 into a luxury hotel, club, and event space. The Walker & Dunlop team, led by Aaron Appel, advised clients Cipriani, Midtown Equities, and Centaur Properties. 

“Casa Cipriani is an irreplaceable asset and premier destination in NYC,” said Appel. Despite capital market challenges, the property’s quality and performance attracted competitive financing. “The quality of the product delivered by the clients, in addition to the outstanding economic performance of the property, resulted in a highly competitive financing process despite the challenges in today’s capital markets environment.” 

Read More News Stories About: Walker & Dunlop
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Inside The Story

Aaron Appel

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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