Project Overview
Project Overview
Project Overview
Location
Bronx, NY
Location
Bronx, NY
Number of Units
23 Units
Number of Units
23 Units
Loan Amount
$30,000,000
Loan Amount
$30,000,000
Asset Type
Retail
Asset Type
Retail
Transaction Challenges:
» The Sponsors sought a competitively priced, balance sheet loan with flexible terms that would allow them to refinance their existing debt and achieve a significant cash out, well above their current loan balance.
Transaction Challenges:
» The Sponsors sought a competitively priced, balance sheet loan with flexible terms that would allow them to refinance their existing debt and achieve a significant cash out, well above their current loan balance.
ArrowREA Solution:
» Leveraged a Life Insurance Company relationship to structure a five-year loan with a highly competitive interest rate lock at application during a period of substantial market volatility. » Capitalized on lender confidence in both the strength of the collateral and the Sponsor’s track record to deliver the full requested cash out at exceptionally favorable terms.
ArrowREA Solution:
» Leveraged a Life Insurance Company relationship to structure a five-year loan with a highly competitive interest rate lock at application during a period of substantial market volatility. » Capitalized on lender confidence in both the strength of the collateral and the Sponsor’s track record to deliver the full requested cash out at exceptionally favorable terms.
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.