Soho Beach House is a private members club and hotel. Credit: WALKER & DUNLOP/Business Wire.

US-based real estate finance and advisory services corporation Walker and Dunlop has secured a loan of $140m to assist with refinancing the Soho Beach House in Miami Beach, Florida.

Soho Beach House is a private members club and hotel located in Mid-Beach, close to Downtown Miami, the Miami International Airport, Bal Harbour Shops and the Wynwood Arts and Design District.

The property’s seven-storey main building has 35 suites with amenity space on the first three floors, whereas the 16-storey beachfront tower comprises 15 full-floor suites with private terraces and offers ocean views.

Walker and Dunlop managing director Ari Hirt said: “We were able to differentiate Soho Beach House as a marquee asset given the sustainability of its highly recurring membership revenue model and the impressive profitability of the asset through the cycle.

“In this challenging capital markets environment, we thank JPMorgan and Citi for recognising this outstanding opportunity.”

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The company has secured loans from investment and commercial banks, debt funds and life insurance companies. JPMorgan, Chase Bank and Citi Real Estate Funding offered SHCO a ten-year fixed-rate interest-only loan.

Walker and Dunlop’s Capital Markets group raised finance of around $26bn from non-Agency capital providers for transactions in 2022.