Walker & Dunlop Brokers $78.6 Million Refinancing for Ann Street Lofts in Savannah, Georgia

by Channing Hamilton

SAVANNAH, GA. — Walker & Dunlop has brokered a $78.6 million bridge loan to facilitate the refinancing of Ann Street Lofts, a 389-unit property in Savannah’s Historic District. Ann Steet Lofts was completed in 2023 and rises six stories. The property offers 162 studios, 51 one-bedroom units, 19 two-bedroom apartments and 10,000 square feet of retail space. Amenities include co-working spaces, an art studio, fitness center and EV charging stations.

The borrower and developer, Tidal Real Estate Partners LP, plans to use the five-year loan retires previous construction debt on the property provided by Cerberus Capital Management. Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Michael Ianno and Christopher de Raet of Walker & Dunlop’s New York office arranged the floating-rate loan through BentallGreenOak.

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