Walker & Dunlop Capital Markets announced that it arranged a $103 million CMBS loan with Citigroup, J.P. Morgan and Argentic to facilitate the refinancing of Casa Cipriani, a boutique hotel, private members club and event space located at 10 South Street in New York City.
The Walker & Dunlop New York Capital Markets team served as exclusive advisers to clients Cipriani, Midtown Equities and Centaur Properties.
Originally known as the Battery Maritime Building and constructed in 1909 to serve ferries traveling to Brooklyn, Casa Cipriani is a one-of-a-kind, highly visible New York City landmark featuring irreplaceable historical detail. Its unparalleled location, combination of luxury event, dining, hospitality and social spaces, and iconic architecture, have made it a leading New York City attraction since opening.
The sponsorship team completed their redevelopment of the famous property in 2021, delivering three distinct, upscale concepts — a 47-key lu
