Financial District Office-to-Residential Wave Continues with $218M 101 Greenwich Refi

Quantum Pacific and Metro Loft receive a $218M loan from Apollo Global Management to convert 101 Greenwich St. into a 614-unit apartment community in FiDi.

By: AXL Media

Published: Mar 12, 2026, 7:14 AM EDT

Source: https://www.multihousingnews.com/

Asset Profile: 101 Greenwich St.

Originally completed in two phases (1907 and 1927), 101 Greenwich is a 27-story, 400,000-square-foot skyscraper.

Acquisition History: Quantum Pacific purchased the asset in February 2025 for over $100 million from a joint venture of Multi-Employer Property Trust (MEPT) and BGO.

Redevelopment Scope: The 614-unit conversion will include extensive exterior alterations, full window replacements, and a complete overhaul of the mechanical and plumbing systems to accommodate residential use.

Strategic Partnership and Financing

Newmark’s Global Debt & Structured Finance team, led by Jordan Roeschlaub and Christopher Kramer, facilitated the loan from Apollo. This marks the second time Quantum Pacific and Metro Loft have joined forces for a New York City conversion.