\nWalker & Dunlop, Inc.<\/a> announced today that it arranged a $163,427,059 permanent loan to refinance 122 Fifth Avenue, a 278,000-square-foot, Class A mixed-use office and retail property located in Manhattan\u2019s Flatiron District.\n<\/p>\n
![\"122](\"https:\/\/mms.businesswire.com\/media\/20251216225535\/en\/2672450\/4\/122_Fifth_Avenue.jpg\")
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122 Fifth Avenue. Photo Credit: Bromley Companies<\/p>\n
\nWalker & Dunlop Capital Markets Institutional Advisory arranged the loan on behalf of Bromley Companies, longtime owner and developer of the property. Aaron Appel<\/a>, Jonathan Schwartz<\/a>, Keith Kurland<\/a>, Adam Schwartz<\/a>, Jordan Casella<\/a>, Christopher de Raet, and Jack Krentzman, arranged the fixed-rate, interest only financing from Helaba Bank and Deka-Bank. The loan will refinance the existing debt on the property.\n<\/p>\n \nRecently revitalized through a $107 million capital improvement program, 122 Fifth Avenue has been transformed into a landmark loft office tower with modern amenities and upgraded infrastructure. The building now holds WiredScore Gold and LEED certifications and features expansive floor plans, dual lobbies, state-of-the-art systems, and a rooftop pavilion with sweeping Midtown Manhattan views. Anchored by Microsoft and Chime under long-term leases, the property demonstrates strong demand for premium, well-located office assets.\n<\/p>\n \n\u201cBromley Companies\u2019 strategic reinvestment in 122 Fifth Avenue has elevated the building into one of Midtown South\u2019s premier mixed-use assets,\u201d said Appel, senior managing director at Walker & Dunlop. \u201cThis transaction underscores the continued demand for fully modernized, best-in-class office properties. This property is a top destination for leading technology, media, and creative firms shaping the Midtown South market.\u201d\n<\/p>\n \nLocated between West 17th and 18th Streets, 122 Fifth Avenue offers tenants immediate access to Union Square, Madison Square Park, and a variety of transit options. A three-minute walk from Union Square Station connects to multiple subway lines and bus routes, while the 14th Street & 6th Avenue Station provides F, M, L, and PATH trains to New Jersey. The property is steps from premier parks, top-tier restaurants, and lifestyle amenities, and is surrounded by a dense concentration of innovative and established corporate neighbors within a ten-minute walk, enhancing its appeal to leading tenants.\n<\/p>\n \nIn 2024, Walker & Dunlop\u2019s Capital Markets team sourced over $16 billion from non-Agency capital providers. This vast experience has made them a top advisor on all asset classes for many of the industry\u2019s top developers, owners, and operators. To learn more about Walker & Dunlop\u2019s broad financing options, visit our website<\/a>.\n<\/p>\n \nAbout Walker & Dunlop\n<\/p>\n \nWalker & Dunlop<\/a> (NYSE: WD<\/a>) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.\n<\/p>\n View source version on businesswire.com: https:\/\/www.businesswire.com\/news\/home\/20251216225535\/en\/<\/a><\/p>\n \nInvestors: \nPhone 301.215.5500\n<\/p>\n \n7272 Wisconsin Avenue, Suite 1300 Source: Walker & Dunlop, Inc.<\/p>\n
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Kelsey Duffey
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Investor Relations
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Phone 301.202.3207
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investorrelations@walkeranddunlop.com
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Media:
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Nina H. von Waldegg
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VP, Public Relations
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Phone 301.564.3291
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nhvwaldegg@walkerdunlop.com<\/a>\n<\/p>\n
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Bethesda, Maryland 20814\n<\/p>\n
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<\/p>\n","protected":false},"excerpt":{"rendered":"
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