Project Overview
Project Overview
Project Overview
Location
Atlanta
Location
Atlanta
Loan Amount
$26,500,000
Loan Amount
$26,500,000
Asset Type
5-Property Office Portfolio
Asset Type
5-Property Office Portfolio
Transaction Challenges:
» In-place vacancies were higher than in its submarket » Uncertainty around office demand in the aftermath of the COVID pandemic » Combined collateral in multiple buildings
Transaction Challenges:
» In-place vacancies were higher than in its submarket » Uncertainty around office demand in the aftermath of the COVID pandemic » Combined collateral in multiple buildings
ArrowREA Solution:
» After underwriting the asset, the Arrow REA team realized that most of the office park’s vacancy was concentrated in one of the six buildings. The team was able to create a custom, 10-year fixed-rate, nonrecourse financing, partnering with a balance sheet lender to refinance the existing debt and release the vacant building from the collateral.
ArrowREA Solution:
» After underwriting the asset, the Arrow REA team realized that most of the office park’s vacancy was concentrated in one of the six buildings. The team was able to create a custom, 10-year fixed-rate, nonrecourse financing, partnering with a balance sheet lender to refinance the existing debt and release the vacant building from the collateral.
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.