Clifford Chance
Clifford Chance advises Grubb Properties with US$55 million NAV credit facility
January 29, 2025
- Andrew Epstein, Steven Starr, Jeanne Roig-Irwin, Michael Seaton, Paul Koppel, Tanecia Britt, Arianna Zarka, Tali Lee (She/Her), Thomas Koh (He/Him)
- New York
Clifford Chance advises Grubb Properties with US$55 million NAV credit facility
Global law firm Clifford Chance has advised a Real Estate Investment Trust (REIT) managed by Grubb Fund Management in connection with a US$55 million Net Asset Value (NAV) credit facility.
The NAV credit facility is composed of an initial term loan of US$35 million and a delayed draw term loan commitment of US$20 million.
The REIT, Link Apartments Opportunity Zone REIT, invests in multi-family residential real estate projects.
The transaction was led by partner Andrew Epstein and counsel Steven Starr with support from law clerk Daniela Chilkevitsh. Epstein and Starr were assisted by a wider team from New York, including partners Jeanne Roig-Irwin (Real Estate), Mike Seaton (Tax) and Paul Koppel (ERISA); and associates Tanecia Britt, Arianna Zarka, Tali Lee and Thomas Koh.
