Project Overview
Project Overview
Project Overview
Location
Flushing, NY
Location
Flushing, NY
Number of Units
100 Luxury Condominium Units / 73 Residential Units
Number of Units
100 Luxury Condominium Units / 73 Residential Units
Loan Amount
$38,200,000
Loan Amount
$38,200,000
Asset Type
Condominium Property
Asset Type
Condominium Property
Transaction Challenges:
» Market turmoil due to COVID-19
Transaction Challenges:
» Market turmoil due to COVID-19
ArrowREA Solution:
» The Arrow REA team was able to creatively structure this deal so that it maximized the mortgage recording tax assignment for the borrower. They also were able to release $100 million of encumbered collateral from the construction loan collateral. » This is the premier condominium property in Flushing, making it an even more attractive deal.
ArrowREA Solution:
» The Arrow REA team was able to creatively structure this deal so that it maximized the mortgage recording tax assignment for the borrower. They also were able to release $100 million of encumbered collateral from the construction loan collateral. » This is the premier condominium property in Flushing, making it an even more attractive deal.
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.