Grubb Properties Secures $102M Construction Loan For 1000 South Vermont Avenue

The property at 1000 South Vermont Avenue in Los Angeles is a mixed-use asset comprising 241 units with a total square footage of 318,780. The transaction involved a construction loan valued at $102,000,000. The lenders for this deal were Garron Robbinson from Centennial Bank, while the landlords were Dave Stewart and Clay Grubb from Grubb Properties. The brokers facilitating the transaction were Malcolm Davies and Zachary (Zack) Streit from WAY Capital.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $102,000,000
• Units: 241
• Square Footage: 318,780
• Address: 1000 South Vermont Avenue, Los Angeles
• Market: Los Angeles

The key individuals involved in this deal were Garron Robbinson representing Centennial Bank as the lender, and Dave Stewart & Clay Grubb from Grubb Properties as the landlords. Additionally, Malcolm Davies and Zachary (Zack) Streit from WAY Capital acted as the brokers for this transaction.