Grubb Properties Secures $129.4 Million Loan For 462-Unit Multifamily At 111 Washington Street

The asset involved in this transaction is a multifamily residential building located at 111 Washington Street in the Financial District of Manhattan. The property encompasses a total square footage of 395,717 and consists of 462 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $129,400,000
• Lender: Brian Steiner & Adam Glick - Maxim Capital Group
• Landlord: Clay Grubb - Grubb Properties

The deal was facilitated by Clay Grubb representing Grubb Properties, which secured an additional $129.4 million loan specifically for the 462-unit residential building situated at the noted address. The lending was conducted through Maxim Capital Group, represented by Brian Steiner and Adam Glick.