Project Overview
Project Overview
Project Overview
Location
Jamaica, NY
Location
Jamaica, NY
Number of Units
338- Key hotel
Number of Units
338- Key hotel
Loan Amount
$44,000,000
Loan Amount
$44,000,000
Asset Type
Dual-Branded Hotel
Asset Type
Dual-Branded Hotel
Transaction Challenges:
» Ground-up construction financing for a hotel in a market with a lot of existing hotel rooms coming online » Softening fundamentals in the hospitality sector
Transaction Challenges:
» Ground-up construction financing for a hotel in a market with a lot of existing hotel rooms coming online » Softening fundamentals in the hospitality sector
ArrowREA Solution:
» The Arrow REA team tapped its extensive network of traditional banks and alternative lenders for this assignment. The Arrow REA team negotiated a three-year loan, provided by an institutional fund operator, which features a non-recourse rate and full-term interest-only payments with two 12-month extension options.
ArrowREA Solution:
» The Arrow REA team tapped its extensive network of traditional banks and alternative lenders for this assignment. The Arrow REA team negotiated a three-year loan, provided by an institutional fund operator, which features a non-recourse rate and full-term interest-only payments with two 12-month extension options.
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.