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Walker & Dunlop Advises on $420 Million Recapitalization of Trophy Brooklyn Rental Tower, Hub

1. Walker & Dunlop successfully recapitalized a $420 million multifamily project. 2. This boosts their advisory role, potentially enhancing future deal flows.

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FAQ

Why Bullish?

The successful recapitalization indicates strong financial performance and market confidence. For example, previous successful projects have led to increased investor interest and stock valuation.

How important is it?

The recapitalization is significant, reflecting Walker & Dunlop’s operational strength and market relevance. As they act as advisors, success in such projects can enhance their credibility and lead to more business opportunities.

Why Short Term?

The immediate impact of the recapitalization may drive short-term investor sentiment positively. However, the longer-term effects will depend on the project's performance and broader market conditions.

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BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. announced today the successful $420 million recapitalization of Hub, a trophy 750-unit high-rise multifamily building located in the heart of downtown Brooklyn. The Walker & Dunlop Capital Markets team, led by Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Ianno, and Christopher de Raet, acted as exclusive advisors to Steiner NYC, successfully enabling them to buy out their equity partner, J.P. Morgan Asset Man.

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