New Disney Resort Scores $218M in Construction Financing
ByWalker & 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.”…