On December 16, 2025, Walker & Dunlop, Inc. secured a $163,427,059 permanent loan to refinance 122 Fifth Avenue, a 278,000‑square‑foot Class A mixed‑use office and retail property in Manhattan’s Flatiron District. The new financing replaces the building’s existing debt and provides the owner, Bromley Companies, with stable, long‑term capital that supports ongoing tenant improvements and preserves the property’s Class A status.
The loan is a fixed‑rate, interest‑only facility that will be amortized over a term that aligns with the building’s long‑term lease structure. By replacing the prior debt, the transaction eliminates the higher‑rate obligations that were in place, thereby reducing the owner’s financing costs and extending the debt maturity horizon. The structure also allows the owner to allocate capital toward capital‑expenditure projects, such as the recent $107 million improvement program that earned the building WiredScore Gold and LEED certifications.
Bromley Companies’ decision to refinance reflects a strategic reinvestment in 122 Fifth Avenue. The property, anchored by Microsoft and Chime, has become a premier destination for technology, media, and creative firms. The new loan enables the owner to continue upgrading the building’s infrastructure and amenities, ensuring it remains competitive in a market where demand for modern, high‑quality office space remains strong despite broader economic uncertainty.
Walker & Dunlop’s involvement in this deal underscores its growing presence in the Manhattan office market. The firm’s Q3 2025 transaction volume reached $15.5 billion, a 34 % increase from the same period in 2024, while total revenues climbed to $337.7 million. The 2021 financing of the same property for $170 million demonstrates a long‑standing relationship with Bromley Companies and highlights Walker & Dunlop’s expertise in structuring sizable capital‑markets deals for high‑quality assets.
Senior Managing Director Aaron Appel said the transaction “highlights the continued demand for fully modernized, best‑in‑class office properties. 122 Fifth Avenue is a top destination for leading technology, media, and creative firms shaping the Midtown South market.” The comment signals Walker & Dunlop’s confidence in the resilience of the Manhattan office sector and its ability to secure large, high‑quality financing for its clients.
The loan adds to Walker & Dunlop’s capital‑markets exposure and reinforces its position as a leading partner for GSE‑backed financing. By originating and servicing this $163 million facility, the firm will generate significant origination and servicing fees, supporting its revenue growth trajectory and demonstrating its continued capability to secure large, complex deals in a competitive market.
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