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Walker & Dunlop Arranges $112.5 Million Refinance For Ace Hotel Brooklyn By GFI Capital & Spruce Capital Partners

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FINANCED
$112,500,000
Sean Bastian
Dustin Stolly
Keith Kurland
+ 4

New York

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Hotel154,947 SF
Financed
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Property Image
FINANCED

Walker & Dunlop Arranges $112.5 Million Refinance For Ace Hotel Brooklyn By GFI Capital & Spruce Capital Partners

252 Schermerhorn Street

See Similar Deals
Hotel154,947 SF
Financed
Sean Bastian
Dustin Stolly
Keith Kurland
+ 4
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Hotel
Price Per Square Foot:$726
Total Square Footage:154947 SF
Transaction Type:Loan

The Ace Hotel Brooklyn is a hotel asset located at 252 Schermerhorn Street in Brooklyn, featuring 154,947 square feet and 287 keys. The property is a 13-story hotel that was refinanced in this transaction.

Summary of transaction details:

Walker & Dunlop arranged the refinancing loan on behalf of GFI Capital Resources Group and Spruce Capital Partners, coordinating the financial details for this significant transaction involving a prominent hotel in Brooklyn.

Players

Aaron Appel
Walker & Dunlop
Aaron Appel
175 deals$27.9B volume
BROKER
Dustin Stolly
Walker & Dunlop
Dustin Stolly
253 deals$47.4B volume
BROKER
Dustin Stolly
Walker & Dunlop
Dustin Stolly
253 deals$47.4B volume
BROKER
Jonathan Schwartz
Walker & Dunlop
Jonathan Schwartz
151 deals$23.4B volume
BROKER
Keith Kurland
Walker & Dunlop
Keith Kurland
157 deals$25.3B volume
BROKER
Sean Bastian
Walker & Dunlop
Sean Bastian
30 deals$4B volume
BROKER
Adam Schwartz
Walker & Dunlop
Adam Schwartz
148 deals$21.9B volume(646) 491-8869
BROKER
Michael (Mike) Brown
Newmark
Michael Brown
3 deals$112.5M volume(415) 274-4423
BROKER
Torchlight Investors
Torchlight Investors
LENDER
SP
Spruce Capital Partners
LANDLORD
GFI Capital
GFI Capital
LANDLORD

Details

FINANCED
IMAGE: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Michael Brown, Sean Bastian & Cole Grims DATE: 01/06/2026 ADDRESS: 252 Schermerhorn Street MARKET: Brooklyn ASSET TYPE: Hotel ~ SF: 154,947 ~ KEYS: 287 LENDER: Torchlight Investors LANDLORD: GFI Capital & Spruce Capital Partners BROKERS: Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Michael Brown, Sean Bastian & Cole Grims - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $112,500,000 LOAN TYPE: Refinance NOTE: Walker & Dunlop arranged a $112.5 million loan to refinance the Ace Hotel Brooklyn, a 13-story, 287-room hotel at 252 Schermerhorn Street, on behalf of GFI Capital Resources Group and Spruce Capital Partners.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$112,500,000.00

Monthly NOI$750,000.00
Monthly Debt Service$711,076.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00