Walker & Dunlop, Inc. recently arranged $140 million in loan proceeds to refinance Soho Beach House, a private members club and hotel located in Miami Beach. Jonathan Schwartz, Aaron Appel, Adam Schwartz, Keith Kurland, Ari Hirt Triston Stegall and David Kasten of Walker & Dunlop acted as exclusive advisors to Beach House Owner LLC., a subsidiary of Soho House & Co (SHCO). The team provided numerous financing options for SHCO which ultimately chose JPMorgan Chase Bank N.A. and Citi Real Estate Funding Inc for the 10-year fixed-rate interest only loan that repaid existing debt while also repatriating equity along with covering closing costs associated with the transaction.
The design of the club is inspired by Art Deco style as well as Cuban heritage; it features a modernized seven-story main building complete with pool area and ocean facing rooftop terrace containing 35 suites plus dedicated amenity space on first three floors while 16 story beachfront tower offers 15 full floor suites each equipped wrap around private terraces boasting stunning views of the ocean below them .
