Walker & Dunlop Finances Philly Ritz
By Thomas Heath
Bethesda-based Walker & Dunlop arranged a $65 million refinancing of the Ritz Carlton Hotel in Philadelphia, the company said over the weekend.
Walker & Dunlop's Hotel Finance Group has financed more than $250 million in hotel projects around the country in the past 18 months, the firm said.
"This is a very significant deal given its size and the current market conditions for commercial real estate financing, and specifically hotels," said Walker & Dunlop President William M. Walker.
Walker & Dunlop is a commercial real estate finance firm founded in 1937.
June 2, 2008; 9:00 AM ET
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