Aaron Appel (clockwise from top left), Jonathan Schwartz, Keith Kurland, Adam Schwartz and Dustin Stolly
Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz and Dustin Stolly
Senior managing directors for capital markets; senior director for capital markets and co-head of institutional advisory; senior managing director at Walker & Dunlop
Last year's rank: 21
“We had a very productive year,” Jonathan Schwartz said.
Yep, we’d say that’s a pretty accurate assessment. The Walker & Dunlop capital markets team advised on or closed $23.8 billion of debt and equity transactions across 158 deals nationwide in the past 12 months.
Roll call! The team arranged 111 Wall Street’s $779 million construction loan for its office-to-resi conversion, the largest single-building conversion loan in New York City history; a $285 million bridge loan to refinance Greenpoint Central, a newly built multifamily property in Brooklyn; a $160 million construction loan for the first phase of the Storyliving by Disney master-planned community in Rancho Mirage, Calif.; a $465 million acquisition and pre-development loan for Waterfront Brickell, the largest single land acquisition loan ever closed in Miami for the final developable waterfront parcel of its scale in the coveted neighborhood; and the $372 million development financing for the Nashville Edition hotel and residences, a 28-story development featuring 261 hotel rooms and 84 branded residences in Nashville’s Gulch neighborhood. Yee-haw!
There’s no mistaking that the market has been more conducive to deal activity in general of late (or at least until mid-March) but that’s only one part of it, Schwartz said.
“That’s always helpful, but we have a phenomenal team that we put together,” he said. “We’ve got 25 people with excellent experience and expertise that our clients find incredibly valuable. We’ve surrounded ourselves with experts in the field, and clients look to us not just to get them the cheapest rate or the best structure, but what their strategy should be across their entire portfolio. We have a name that resonates really positively, and I think the stats show that.”
The team featured here — Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz and Dustin Stolly — together with Sean Reimer, form a dynamic sextet that guides top sponsors and clients from origination through closing.
“There’s been so much capital sitting on the sidelines that’s now being put to work again,” Jonathan Schwartz said. “The days of continuing to kick the can down the road are over, whether it’s a sale or a non-sale of an asset or a lender not extending a loan. The liquidity of the credit markets has increased since January of this year. It’s a great time to be in the market to borrow capital as, in terms of competition, it’s as liquid as I’ve ever seen in my career.”