Vanbarton Group Secures $280 Million Loan For 588 Unit Multifamily Property In Financial District

The property asset involved in this transaction is a multifamily building located at 160 Water Street in the Financial District, consisting of 588 units. The loan amount secured for this property is $280,000,000, specifically for repositioning purposes.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $280,000,000
• Address: 160 Water Street
• Market: Financial District
• Lender: Brookfield
• Landlord: Vanbarton Group
• Landlord's Representatives: Gary Phillips, Grant Frankel, and Ethan Pond - Eastdil Secured; Richard Coles and Gary M. Tischler - Vanbarton Group

Key individuals involved in this deal include the lenders from Brookfield and the representatives from Eastdil Secured and Vanbarton Group, ensuring the transaction's successful completion through their expertise in the market.