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Walker & Dunlop Secures $92M Refinance For Chicago's Hiltons At McCormick Place

Benzinga·10/20/2025 10:09:09
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Walker & Dunlop, Inc. announced today that it arranged $92 million to refinance the Hiltons at McCormick Place, a 23-story, 466-key tri-branded hotel connected to the McCormick Place Convention Center in Chicago, Illinois.

Walker & Dunlop New York Capital Markets, led by Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Jordan Casella, and Cole Grims, arranged the loan on behalf of McHugh Enterprises, Inc. and First Investors, LLC, with Access Point Financial Inc. providing the capital for the floating rate, interest only loan.

Jay Morrow and Carter Gradwell of Walker & Dunlop Hospitality partnered alongside the Capital Markets team to advise McHugh Enterprises Inc. and First Investors, LLC throughout the process.