Eric McGlynnmanaging director of Walker & Dunlop’s Capital Markets team, facilitated the transaction between the developer, Sansano Capital LLC, and the lender, a subsidiary of Sculptor Real Estate based in New York City.
According to Mr. Lugliani, Principal of Sansano Capital LLC, “Walker & Dunlop and Sculptor Real Estate have been a pleasure to work with. They are both forward-thinking and supportive of Casey’s vision of pioneering market position. “
According to Mr. McGlynn, “The Casey represents an indispensable luxury product with modern design aesthetics and superior amenities in the growing industry. Camas Marlet. We received strong interest from the capital markets and were able to secure a competitive, non-recourse loan.”
Le Casey is situated on a 10 acre site surrounded by forests and a wetland reserve. Modern floor plans include one- and two-bedroom units ranging from 588 to 1,270 square feet. Units will feature 9-foot ceilings, floor-to-ceiling windows, roll-up blinds, open living areas, stainless steel appliances, solid quartz countertops, and balconies on some units. Some units will also include gas appliances and fireplaces. The property will feature an extensive set of amenities including a library, conference room, club lounge, forest-facing fitness center, second-floor outdoor deck, outdoor BBQ entertainment deck on the first floor and a lighted outdoor dog park with fresh water fountain and canine obstacle. Classes. The Casey will have gated parking, a cellphone-enabled entry system, security monitoring, electric vehicle parking and off-grid backup generators.
Walker & Dunlop was the leading provider of capital in the US multifamily market, originally $31 billion in transactions and loans on $24 billion for multifamily properties in 2020. With one of the strongest networks in the industry, the company’s brokered loans in 2021 totaled $30 billiona 170% increase over 2020. To learn more about our capital markets funding capabilities and options, visit our website.
About Walker & Dunlop
Walker and Dunlop (NYSE: WD) is the largest provider of capital to the multifamily industry in United States and the fourth largest lender for all commercial real estate, including industrial, office, retail and hospitality properties. Walker & Dunlop enables property owners and operators to bring their vision of communities to life – where Americans live, work, shop and play. The power of our people, our leading brand and our cutting-edge technology make us more insightful and valuable to our customers, delivering an unparalleled experience every step of the way. With over 1,000 employees in all major US marketsWalker & Dunlop has consistently been named one of FortuneThe best places to workÂ® and is committed to making the commercial real estate industry more inclusive and diverse while create meaningful social, environmental and economic change in our communities.
On David Lugliani
David Lugliani has been developing in the Pacific Northwest since 1995. The project portfolio includes single family homes, housing estates, public storage, RV resort, mixed-use development and apartments.
About Real Estate Sculptor
Real Estate Sculptorâ was founded by Steven E. Orbuch in 2003 to invest in real estate and real estate-related assets through North America and Europe. Sculptor Real Estate has invested in over $18.2 billion of real estate assets across 26 real estate asset classes, including direct equity investments, preferred equity structures, senior loans, mezzanine loans, land leases and other credit investments.
For more information, visit www.sculptor.com.
SOURCEWalker & Dunlop, Inc.