Project Overview
Project Overview
Project Overview
Location
Long Island City
Location
Long Island City
Loan Amount
$6,500,000
Loan Amount
$6,500,000
Asset Type
Multifamily Development Site
Asset Type
Multifamily Development Site
Transaction Challenges:
» Navigating potential future development configurations under the City of Yes zoning bonus program » Emphasizing the site’s long-term development potential over limited in-place cash flow.
Transaction Challenges:
» Navigating potential future development configurations under the City of Yes zoning bonus program » Emphasizing the site’s long-term development potential over limited in-place cash flow.
ArrowREA Solution:
» Arrow REA positioned the asset’s future development potential—enabled by the City of Yes zoning incentives—as the core value driver, rather than relying on existing cash flow. This approach enabled the Sponsor to secure sufficient refinance proceeds to pay off existing debt and fund pre-development activities.
ArrowREA Solution:
» Arrow REA positioned the asset’s future development potential—enabled by the City of Yes zoning incentives—as the core value driver, rather than relying on existing cash flow. This approach enabled the Sponsor to secure sufficient refinance proceeds to pay off existing debt and fund pre-development activities.
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.