Project Overview
Project Overview
Project Overview
Location
New York, NY
Location
New York, NY
Number of Units
24 Residential Units & 1 Commercial Unit
Number of Units
24 Residential Units & 1 Commercial Unit
Loan Amount
$73,000,000
Loan Amount
$73,000,000
Asset Type
Luxury Condominium
Asset Type
Luxury Condominium
Transaction Challenges:
» The building’s design, which features larger floor plates and expansive unit sizes tailored to the luxury Upper East Side demographic and family-oriented buyers. While this product type differentiates the project, it also required additional effort to get the lender comfortable with absorption for units of this size in Manhattan’s condo market.
Transaction Challenges:
» The building’s design, which features larger floor plates and expansive unit sizes tailored to the luxury Upper East Side demographic and family-oriented buyers. While this product type differentiates the project, it also required additional effort to get the lender comfortable with absorption for units of this size in Manhattan’s condo market.
ArrowREA Solution:
» Presented extensive market data on comparable sales. » Emphasized the Sponsor’s proven track record in delivering luxury developments. » Highlighted the unmatched location and amenity package that aligns with buyer demand in one of New York City’s most sought-after neighborhoods.
ArrowREA Solution:
» Presented extensive market data on comparable sales. » Emphasized the Sponsor’s proven track record in delivering luxury developments. » Highlighted the unmatched location and amenity package that aligns with buyer demand in one of New York City’s most sought-after neighborhoods.
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.