Seeking Alpha

Walker & Dunlop arranges $204M for mixed-use property in Brooklyn

Walker & Dunlop (NYSE:WD) on Wednesday has secured $204M in loan proceeds from MF1 Capital to refinance The Axel, a 29-story mixed-use multifamily and commercial asset with 284 multifamily units located in Brooklyn, New York.

A team led by Michael Squires and Will Trotsky handled the financing for MF1 Capital.

"This transaction illustrates MF1's continued ability to execute on structured loans for high-quality assets in a turbulent market, all the while closing in less than 35 days," said Michael Squires, managing director at Limekiln Real Estate / MF1.