Walker & Dunlop Finances $150 Million for Quantum at Flagler Village in Fort Lauderdale
24 Julho 2023 - 8:00PM
Business Wire
Walker & Dunlop, Inc. announced today that it arranged $150
million in financing for Quantum at Flagler Village, a unique class
A mixed-use property located in Fort Lauderdale, Florida.
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Quantum at Flagler Village Exterior
(Photo: Business Wire)
The Walker & Dunlop Capital Markets team, managed by Joe
Hercenberg, arranged the financing for the mixed-use property,
securing a refinancing of the construction loan on the newly
completed project in its initial lease-up. The team successfully
strategized solutions that fit the needs of the client, Prime Group
US - PMG Asset Services, and brought in a lender with a fixed rate
60-month loan.
Quantum at Flagler Village consists of two 15-story towers
containing 337 "Class A" apartments, 20,884 square feet of urban
retail, and a nine-story 137-room Courtyard Marriott hotel with a
stunning rooftop pool bar. The property also benefits from a
five-story parking garage. Walker & Dunlop also closed the
construction loan for Quantum four years ago.
"We are pleased to have worked alongside Walker & Dunlop's
expert finance team yet again to secure this transaction," said
Larry Abbo, chief executive officer at Prime Group US. "The team
was able to provide us with numerous good financing options to
choose from, and assist with timely execution through closing."
The property is located in an exciting destination that combines
the best of art, shops, restaurants, bars, residences,
entertainment and events. A landscaped terrace provides Quantum
with an oasis of green, shaded pedestrian walks and courtyards,
home to pop-up art shows, musical artists, and culinary
offerings.
"This project offers residents a truly one-of-a-kind living
experience in the heart of one of Florida's most unique and
desirable neighborhoods," said Hercenberg, senior managing director
of Capital Markets at Walker & Dunlop. "We're excited about
Quantum at Flagler Village and proud to have worked on this unique
property.”
In 2022, the Walker & Dunlop Capital Markets segment sourced
capital for transactions totaling nearly $26 billion from
non-Agency capital providers. This vast experience has made them a
top advisor on all asset classes for many of the industry’s top
developers, owners, and operators. To learn more about Walker &
Dunlop’s diverse financing options, visit our website.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial
real estate finance and advisory services firms in the United
States. Our ideas and capital create communities where people live,
work, shop, and play. The diversity of our people, breadth of our
brand and technological capabilities make us one of the most
insightful and client-focused firms in the commercial real estate
industry.
Upcoming Walker & Dunlop Events
Zelman & Associates 2023 Virtual Housing Summit (September
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beyond. To learn more or register, please visit the following
link.
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version on businesswire.com: https://www.businesswire.com/news/home/20230724537419/en/
Investors: Kelsey Duffey Investor Relations Phone
301.202.3207 investorrelations@walkeranddunlop.com
Media: Nina H. von Waldegg VP, Public Relations Phone
301.564.3291 info@walkeranddunlop.com
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