GFP Real Estate's Brian Steinwurtzel Secures $191.47 Million Construction Loan For 40 Exchange Place

The asset involved in this transaction is a residential conversion located at 40 Exchange Place in Manhattan. This property encompasses a total square footage of 179,545 and consists of 382 units. The transaction was supported by a construction loan amounting to $191,474,000.

Summary of transaction details:

• Property Type: Residential Conversion
• Transaction Amount: $191,474,000
• Address: 40 Exchange Place
• Market: Manhattan
• Asset Size: 179,545 SF
• Units: 382
• Lender: Adam Piekarski - Derby Lane
• Landlord: Brian Steinwurtzel - GFP Real Estate
• Landlord's Representative: Jordan Roeschlaub, Christopher Kramer, Tim Polglase, Ryan Bub & Max Ralby - Newmark

This deal involves key individuals including Adam Piekarski, who represents the lender, and Brian Steinwurtzel, who is the landlord. The landlord's representation is provided by a team from Newmark, which includes Jordan Roeschlaub, Christopher Kramer, Tim Polglase, Ryan Bub, and Max Ralby.