Walker & Dunlop Secures $15M Loan for Pittsburgh Hotel

  • Oct. 2, 2017
  • Commercial Property Executive

Walker & Dunlop closed a $14.9 million construction loan with Orix USA for EVEN Hotel, a boutique hotel located in downtown Pittsburgh.  The hotel will be part of the Kaufmann’s Grand on Fifth, a master redevelopment on the former department store that will feature a mix of retail, hospitality, multifamily and office space.  Jacob Cohen secured the non-recourse loan with three-years of interest-only payments on behalf of Reception Hotels and Resorts LLC.

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