Brookfield Provides $272.5M Construction Loan For Financial District Multifamily Property

The multifamily property located at 160 Water St. in the Financial District has been involved in a recent transaction. The property spans a total square footage of 533,000 and consists of 588 units. The transaction details reveal that the loan amount obtained for this property was $272,500,000, and the loan type was construction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $272,500,000
• Address: 160 Water St.
• Market: Financial District
• Square Footage: 533,000
• Number of Units: 588

The lender for this transaction was Brookfield, while the landlord was the Vanbarton Group. The deal was facilitated by Gideon Gil, Kempton Coady, Alex Lapidus, and Adam Spies from Cushman & Wakefield.