The Dermot Co., a vertically integrated multifamily investment manager, owner, and operator of high-quality communities, and joint venture partner Affinius Capital have secured a loan to refinance 101 West End Avenue, a 35-story, 502-unit apartment community in New York City. The $283 million loan was provided by Freddie Mac and arranged by Walker & Dunlop Capital Markets Institutional Advisory.
The refinancing supports ownership as they continue to create value at 101 West End and within the New York City market, according to Drew Spitler, CFO at The Dermot Co.
“Our team identified a favorable financing environment in the multifamily debt market and worked with our partners to take this opportunity to strategically lock in an attractive fixed rate,” says Spitler. “The refinance simultaneously supports several favorable outcomes as we remain committed to excellence in our ownership and management of 101 West End. Further, it represents our confidence as seaso
