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Walker & Dunlop Capital Markets | Institutional Advisory recently arranged a $74.5 million loan for the acquisition and redevelopment of The Caspian, a 63-unit luxury waterfront condominium development in Stamford, Connecticut.
Led by Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Jordan Casella, and Stanley Cayre, the team arranged the financing on behalf of Sun Homes and Hudson Bay Capital Management LP, and the floating-rate, interest-only construction financing provided by Apollo Global Management, Inc.
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