Walker & Dunlop Arranges $293.2 Million Refinancing for 40 Tenth Avenue in Manhattan

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2▲2 ▼0Impact / 5
Summary · why it matters

Walker & Dunlop arranged $293,200,000 to refinance 40 Tenth Avenue, a 158,957-square-foot mixed-use property in Manhattan's Meatpacking District. The fixed-rate, permanent debt refinancing came from Corebridge Financial, with Walker & Dunlop Capital Markets Institutional Advisory serving as exclusive advisor to Aurora Capital and William Gottlieb Real Estate. Completed in 2019 and designed by Studio Gang, the building holds 112,241 square feet of office space across floors three through 10 and 46,716 square feet of retail space on the ground and second floors. Hyundai Motor occupies the entire retail component, while office tenants include Starwood Capital Group, WestCap Management, RTW Investments, Stripes and Checkout.com. The property also offers more than 18,000 square feet of landscaped private outdoor space, including an approximately 10,000-square-foot rooftop terrace and an approximately 8,000-square-foot planted second-floor terrace.

Impact on assets 3

Financials▲
Walker & Dunlop Inc
WD
▲ PositiveCapitalrelevance

Walker & Dunlop arranged the $293.2M refinancing and served as exclusive advisor, a capital-markets deal.

Aging Population▲
Electrification & Mobility▲

Off-coverage companies 8

Aurora Capital Associatesi
Private± Mixedrelevance

Checkout.comi
Private± Mixedrelevance

RTW Investmentsi
Private± Mixedrelevance

Starwood Capital Groupi
Private± Mixedrelevance

Stripes Groupi
Private± Mixedrelevance

Studio Gangi
Private± Mixedrelevance

WestCap Managementi
Private± Mixedrelevance

William Gottlieb Real Estatei
Private± Mixedrelevance