Project Overview
Project Overview
Project Overview
Location
Glendale
Location
Glendale
Number of Units
82 Units
Number of Units
82 Units
Loan Amount
$55,500,000
Loan Amount
$55,500,000
Asset Type
Retail
Asset Type
Retail
Transaction Challenges:
» The Sponsor executed a purchase contract with only a 45-day TOE closing, an extremely compressed timeframe for a retail acquisition of this scale and complexity. » The Sponsor was seeking a high leverage, flexible loan structure to execute their business plan with multiple important loan structure considerations.
Transaction Challenges:
» The Sponsor executed a purchase contract with only a 45-day TOE closing, an extremely compressed timeframe for a retail acquisition of this scale and complexity. » The Sponsor was seeking a high leverage, flexible loan structure to execute their business plan with multiple important loan structure considerations.
ArrowREA Solution:
» Our team sourced and negotiated a 75% LTV acquisition loan within just seven days of contract signing and successfully closed within the required TOE deadline. The financing was structured with an initial 48 month term, providing additional runway compared to the traditional 3+1+1 format, and included a highly flexible future funding component to support accretive leasing costs and capital expenditures. We also negotiated highly flexible leasing requirements. This structure provided the Sponsors with both the liquidity and flexibility necessary to execute their plan with precision.
ArrowREA Solution:
» Our team sourced and negotiated a 75% LTV acquisition loan within just seven days of contract signing and successfully closed within the required TOE deadline. The financing was structured with an initial 48 month term, providing additional runway compared to the traditional 3+1+1 format, and included a highly flexible future funding component to support accretive leasing costs and capital expenditures. We also negotiated highly flexible leasing requirements. This structure provided the Sponsors with both the liquidity and flexibility necessary to execute their plan with precision.
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.