Walker & Dunlop Arranges Massive $121.5M Deal to Transform NJ Beachfront Rentals Into Luxury Condos

Walker & Dunlop Arranges Debt Financing and JV Equity for Long Branch New Jersey Multifamily Conversion of Ocean Gate

Walker & Dunlop, Inc. announced that it arranged $121.5 million in equity and debt financing for the acquisition of Ocean Gate, a recently built, luxury Class A apartment community with 170 multifamily located in Long Branch, New Jersey. Walker & Dunlop Capital Markets, led by Aaron Appel, Jonathan Schwartz, Keith Kurland, Mo Beler, Adam Schwartz, […] The post Walker & Dunlop Arranges Debt Financing and JV Equity for Long Branch New Jersey Multi…

LEG buys 170-unit Long Branch rental property with $122 million equity, debt deal – Real Estate NJ

Ocean Gate at 85 Cooper Ave. in Long Branch — Courtesy: Walker & Dunlop By Joshua Burd Lincoln Equities Group has acquired a new 170-unit luxury multifamily property in Long Branch with the help of $121.5 million in equity and financing arranged by Walker & Dunlop. According to the capital markets team, RWN Real Estate Partners and Avenue Realty Capital are providing $46.5 million in joint venture equity for the deal at 85 Cooper Ave. TPG Real E…

Walker & Dunlop arranges debt financing for Long Branch multifamily conversion

Walker & Dunlop Inc., a Maryland-based commercial real estate finance and advisory services firm, said Wednesday that it arranged $121.5 million in equity and debt financing for the acquisition of Ocean Gate, a recently built, luxury Class-A apartment community with 170 multifamily units in Long Branch. Walker & Dunlop Capital Markets, led by Aaron Appel, Jonathan Schwartz, Keith Kurland, Mo Beler, Adam Schwartz, Ari Hirt, Jackson Irwin, and Sta…

Major financing package enables conversion of 170-unit Ocean Gate luxury apartments to condominiums. Exclusive beachfront location drives value proposition. See deal structure.