### Walker & Dunlop Secures $158M Construction Loan for Manhattan Condo Project
Walker & Dunlop has successfully arranged a $158-million construction loan for the development of 401 E. 51st Street, a luxury condominium project in Manhattan’s Turtle Bay neighborhood. The financing was secured with TYKO Capital on behalf of CBSK Developers, facilitated by Walker & Dunlop’s New York Capital Markets team, led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Sean Reimer, and Sean Bastian.
Situated between First Avenue and Beekman Place, the 26-story condominium tower will feature 83 high-end residences, ranging from studios to a five-bedroom penthouse. The development will cover more than 116,000 square feet and include a mix of one-bedroom, two-bedroom with office space, three-bedroom, and four-bedroom units.
Residents will benefit from proximity to an array of dining, retail, and cultural attractions, along with exclusive amenities such as a state-of-the-art fitness center, a resident lounge, and a private dining area.
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
