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Walker & Dunlop Secures $1.2B Refinancing for Manhattan's One High Line

Walker & Dunlop Secures $1.2B Refinancing for Manhattan's One High Line

Slice of Real Estate Team
August 20, 2024

Key Highlights:

$1.2 billion refinancing arranged for One High Line in Manhattan.
JP Morgan and TYKO Capital provided senior and mezzanine financing.
Property spans 750,000 sq. ft. with luxury condos, Faena hotel, and boutique office space.

Source (Business Wire)

Notable Quote:

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“Securing competitive financing for this project was a testament to the property’s appeal and potential. We received multiple competitive bids, underscoring lender confidence. We are seeing an increase in luxury projects emerging in New York, and this one tops it all in premium location and asset.”

Aaron Appel, Managing Director at Walker & Dunlop

Our Take:

Walker & Dunlop’s successful arrangement of $1.2 billion in refinancing for One High Line highlights their unmatched expertise in the competitive New York City market. The project's prime location and luxury offerings continue to attract significant investment, underscoring the resilience of high-end real estate in Manhattan. This transaction not only reflects confidence in Walker & Dunlop's advisory capabilities but also signals sustained growth in luxury developments in NYC, particularly in culturally vibrant areas like West Chelsea.