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UWS School Building Secures Refinancing

NEW YORK CITY—An investment group headed by Walter & Samuels chairman David Berley has secured $60 million in refinancing for a school building it…

NEW YORK CITY—An investment group headed by Walter & Samuels chairman David Berley has secured $60 million in refinancing for a school building it owns on the Upper West Side.

JLL’s capital markets team, in conjunction with Walter & Samuels, partnered to secure the funding for 227 W. 61st St. The building houses West End Secondary School, a new public middle school. It was formerly home to The New York City Beacon High School. Allegiant Real Estate Capital provided the 10-year, interest only loan.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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