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Walker & Dunlop Institutional Advisory recently secured a $112.5 million leasehold bridge loan from Torchlight Investors to refinance the Ace Hotel Brooklyn, a 13-story, 154,947 square foot, 287-room full-service hotel located at 252 Schermerhorn Street in Brooklyn, New York.
Led by Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Michael Brown, Sean Bastian, and Cole Grims, the team arranged the transaction for an affiliate of GFI Capital Resources Group, Inc. and Spruce Capital Partners.
Walker & Dunlop Hospitality, led by Jay Morrow and Carter Gradwell, also partnered alongside the Capital Markets team to advise GFI Capital Resources Group, Inc. and Spruce Capital Partners throughout the process.