Project Overview
Project Overview
Project Overview
Location
Long Island City
Location
Long Island City
Number of Units
217 Units
Number of Units
217 Units
Loan Amount
$23,000,000
Loan Amount
$23,000,000
Asset Type
Residential Condominium Development Site
Asset Type
Residential Condominium Development Site
Transaction Challenges:
» Existing vacant industrial property with limited in-place cash flow » Historical environmental concerns tied to prior site usage
Transaction Challenges:
» Existing vacant industrial property with limited in-place cash flow » Historical environmental concerns tied to prior site usage
ArrowREA Solution:
» Arrow REA leveraged a long-standing lender relationship to facilitate acquisition financing for a strategically located development site. The team emphasized the property’s adjacency to other successful Sponsor-led projects and effectively mitigated environmental concerns to gain lender comfort.
ArrowREA Solution:
» Arrow REA leveraged a long-standing lender relationship to facilitate acquisition financing for a strategically located development site. The team emphasized the property’s adjacency to other successful Sponsor-led projects and effectively mitigated environmental concerns to gain lender comfort.
We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.
We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.
We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.