Walker & Dunlop Provides $163M Bridge Loan for Bronx Multifamily Development

  • March 10, 2021
  • Commercial Observer

Cheskel Schwimmer’s Chess Builders has locked down a $163 million refinance for The Arches, two Class A multifamily development towers in the Mott Haven neighborhood of the Bronx.
 
Walker & Dunlop provided the bridge loan in a transaction negotiated by Meridian Capital Group. Walker & Dunlop’s Geoff Smith led the transaction on behalf of the lender.

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