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.