FINANCED
Grubb Properties Secures $102M Construction Loan For 1000 South Vermont Avenue
1000 Vermont Avenue
Mixed-use
318,780 SF
318,780 SF
Financed 51 days ago
Summary
Loan
CALIFORNIA
Mixed-use
318,780 sqft
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.
Players
Details
FINANCED
IMAGE: Garron Robbinson, Malcolm Davies, Clay Grubb, Zachary (Zack) Streit & Dave Stewart
DATE: 02/14/2024
ADDRESS: 1000 South Vermont Avenue
MARKET: Los Angeles
ASSET TYPE: Mixed-use ~ UNITS: 241 ~ SF: 318,780
LENDER: Garron Robbinson - Centennial Bank (@my100bank)
LANDLORD: Dave Stewart & Clay Grubb - Grubb Properties (@GrubbProperties)
BROKERS: Malcolm Davies (@MalcolmpDavies) & Zachary (Zack) Streit (@ZackdStreit) - WAY Capital (@WayCapitalCRE)
LOAN AMOUNT: $102,000,000
LOAN TYPE: Construction LoanView on map
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Address1000 Vermont Avenue
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