Standard Companies refis $93M from Walker & Dunlop for 151-unit rental in Midtown West

Standard Companies through the entity Polyclinic Owner LLC as borrower signed a loan agreement with lender Walker & Dunlop, LLC valued at $93.9 million for 2 parcels, including the tax class playgrounds (Q2) and containing 151 residential units at 363 West 50th Street and 335 West 50th Street in Midtown West. The deal closed on December 18, 2020 and was recorded on January 12, 2021.

The average loan per unit is $622,021.
This is a loan with a 35 year term that refinanced a loan of the same amount Walker & Dunlop originated in 2017. The last time the property sold was October 4, 2017 for $110,250,000.
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