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InterVest Capital Partners Secures $867 Million Loan For Multifamily Conversion At 111 Wall Street

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FINANCED
$778,600,000
Stanley Cayre
Sean Reimer
Sean Bastian
+ 6

New York

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MultiFamily899,000 SF
Financed
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FINANCED

InterVest Capital Partners Secures $867 Million Loan For Multifamily Conversion At 111 Wall Street

111 Wall Street

See Similar Deals
MultiFamily899,000 SF
Financed
Stanley Cayre
Sean Reimer
Sean Bastian
+ 6
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$866
Total Square Footage:899000 SF
Transaction Type:Loan

The asset involved in the transaction is a multifamily property located at 111 Wall Street in Manhattan, comprising a total of 899,000 square feet across 1,568 units.

Summary of transaction details:

The transaction featured a $778.6 million conversion loan and the extension of an existing $88.4 million CPACE loan from Petros, collectively resulting in a total financing package of $867.0 million.

Players

Dustin Stolly
Walker & Dunlop
Dustin Stolly
253 deals$47.4B volume
BROKER
Jonathan Schwartz
Walker & Dunlop
Jonathan Schwartz
151 deals$23.4B volume
BROKER
Keith Kurland
Walker & Dunlop
Keith Kurland
157 deals$25.3B volume
BROKER
Sean Bastian
Walker & Dunlop
Sean Bastian
30 deals$4B volume
BROKER
Adam Schwartz
Walker & Dunlop
Adam Schwartz
148 deals$21.9B volume(646) 491-8869
BROKER
Stanley Cayre
Walker & Dunlop
Stanley Cayre
10 deals$1.8B volume(917) 613-8038
BROKER
Sean Reimer
Walker & Dunlop
Sean Reimer
37 deals$6.3B volume(646) 221-6437
BROKER
Christopher de Raet
Walker & Dunlop
Christopher de Raet
20 deals$3.8B volume(240) 328-2590
BROKER
J.P. Morgan Chase
J.P. Morgan Chase
LENDER
TYKO Capital
TYKO Capital
LENDER
InterVest Capital Partners
InterVest Capital Partners
LANDLORD
InterVest Capital Partners
InterVest Capital Partners
LANDLORD
InterVest Capital Partners
InterVest Capital Partners
LANDLORD
InterVest Capital Partners
InterVest Capital Partners
LANDLORD

Details

FINANCED
IMAGE: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Rob Rothschild, Michael Gontar, Will Hutton, Chris Giovanis, Sean Bastian, Christopher de Raet, Stanley Cayre, Adi Chugh, Aaron Casden & Ben Gray DATE: 12/18/2025 ADDRESS: 111 Wall Street MARKET: Manhattan ASSET TYPE: Multifamily ~ SF: 899,000 ~ UNITS: 1568 LENDER: Ben Gray - Apollo Global Management, Aaron Casden - J.P. Morgan Chase (@JPMorgan) & Adi Chugh - TYKO Capital LANDLORD: Michael Gontar, Rob Rothschild, Will Hutton & Chris Giovanis - InterVest Capital Partners BROKERS: Aaron Appel, Adam Schwartz (@AdamSchwartz88), Dustin Stolly, Keith Kurland (@KaKurland), Jonathan Schwartz (@JSchwa1386), Sean Reimer, Sean Bastian, Christopher de Raet & Stanley Cayre (@Stanley_Cayre) - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $867,000,000 LOAN TYPE: Office to Residential Conversion NOTE FROM BROKER: Transaction consisted of a $778.6 million conversion loan in addition to the extension of an existing $88.4 million CPACE loan from Petros bringing the total financing package to $867.0 million

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$778,600,000.00

Monthly NOI$5,190,666.67
Monthly Debt Service$4,921,281.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00