The asset involved in this transaction is a [multifamily](https://traded.co/deals/new-york/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](https://traded.co/deals/new-york/multifamily/)
- Transaction Amount: $129,400,000
- Lender: [Brian Steiner](https://traded.co/investor/brian-steiner) & [Adam Glick](https://traded.co/agent/adam-glick) - Maxim Capital Group
- Landlord: [Clay Grubb](https://traded.co/investor/clay-grubb) - Grubb Properties

The deal was facilitated by [Clay Grubb](https://traded.co/investor/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](https://traded.co/lender/maxim-capital-group), represented by [Brian Steiner](https://traded.co/investor/brian-steiner) and [Adam Glick](https://traded.co/agent/adam-glick).


Learn More: [Grubb Properties Secures $129.4 Million Loan For 462-Unit Multifamily At 111 Washington Street](https://traded.co/deals/new-york/multifamily/loan/111-washington-street-5/)