Project Overview
Project Overview
Project Overview
Location
Brooklyn, NY
Location
Brooklyn, NY
Number of Units
65 Units
Number of Units
65 Units
Loan Amount
$5,281,000
Loan Amount
$5,281,000
Asset Type
Multifamily
Asset Type
Multifamily
Transaction Challenges:
» Sponsor owned a 65-unit, 100% rent stabilized apartment building facing a pending loan maturity with the existing lender. » Liquidity for rent stabilized assets in NYC has tightened considerably following the 2019 HSTPA legislation and the operational headwinds of the COVID 19 period.
Transaction Challenges:
» Sponsor owned a 65-unit, 100% rent stabilized apartment building facing a pending loan maturity with the existing lender. » Liquidity for rent stabilized assets in NYC has tightened considerably following the 2019 HSTPA legislation and the operational headwinds of the COVID 19 period.
ArrowREA Solution:
» Arranged optimal financing through Fannie Mae, enabling the Sponsor to maximize proceeds to the highest achievable level while securing an attractive, long term, fixed rate. The structure provided stability for the asset and unlocked meaningful cash flow for the Sponsor.
ArrowREA Solution:
» Arranged optimal financing through Fannie Mae, enabling the Sponsor to maximize proceeds to the highest achievable level while securing an attractive, long term, fixed rate. The structure provided stability for the asset and unlocked meaningful cash flow for the Sponsor.
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.