Walker & Dunlop Arranges $285 Million Bridge Loan for Madison Realty Capital’s Greenpoint Central
Reuters
Dec 08
Walker & Dunlop Arranges $285 Million Bridge Loan for Madison Realty Capital's Greenpoint Central
Walker & Dunlop, Inc. has arranged a $285 million bridge loan for Madison Realty Capital to refinance Greenpoint Central, a newly built 473-unit Class-A multifamily property in Brooklyn's Greenpoint neighborhood. The loan was provided by TPG Real Estate Credit and will be used to refinance the property's construction loan, support funding reserves, facilitate closing, and allow for the return of equity to investors. The transaction was arranged by Walker & Dunlop's Capital Markets Institutional Advisory team.
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