Aug
02

New Disney Resort Scores $218M in Construction Financing

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The capitalization comprises both senior and mezzanine debt and was arranged by a partnership of Walker & Dunlop Miami and SRF Ventures Inc.

Walker & Dunlop has arranged $218.2 million in construction financing on behalf of DCS Real Estate Investments for the development of JW Marriott Bonnet Creek, a planned 516-key, luxury hotel and resort located in Orlando’s Walt Disney World.

“The sponsorship is exceptional, Marriott is best in class and the metrics of the deal provide for a very strong exit strategy of sale or refi on stabilized value,” Kevin O’Grady, Walker & Dunlop’s managing director of capital markets, told Commercial Property Executive. “For us, it’s right in our wheelhouse as we provide structured finance solutions to value-add platforms and development platforms.”…

New Disney Resort Scores $218M in Construction Financing

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