Grubb Properties Receives $15M Loan From Maxim Credit Group For Long Island City Commercial Project

Developer Grubb Properties has obtained $15 million in gap financing from Maxim Credit Group for its project at 41-24 27th Street in Queens, New York. The commercial property is located in Long Island City, Queens and is owned by Clay Grubb of Grubb Properties.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $15,000,000
• Lender: Maxim Credit Group
• Landlord: Clay Grubb - Grubb Properties

Maxim Credit Group provided the $15 million gap financing for the project at 41-24 27th Street. Clay Grubb, representing Grubb Properties, is the landlord of the property.