Project Overview
Project Overview
Project Overview
Location
Brooklyn, NY
Location
Brooklyn, NY
Number of Units
44 units, 6 stories
Number of Units
44 units, 6 stories
Loan Amount
$30,000,000 ($23M senior loan & a $7M mezzanine loan)
Loan Amount
$30,000,000 ($23M senior loan & a $7M mezzanine loan)
Asset Type
Retail Condominimum
Asset Type
Retail Condominimum
Transaction Challenges:
» The retail tenants were in various stages of their buildouts. Landlord work, TIs, LCs, and free rent needed to be capitalized to bridge the property to stabilization. » High leverage existing debt in place that Sponsors needed to pay off.
Transaction Challenges:
» The retail tenants were in various stages of their buildouts. Landlord work, TIs, LCs, and free rent needed to be capitalized to bridge the property to stabilization. » High leverage existing debt in place that Sponsors needed to pay off.
ArrowREA Solution:
» Arrow sourced senior and mezzanine financing to take out the existing mortgage and capitalize remaining leasing costs needed for all tenants to open for business.
ArrowREA Solution:
» Arrow sourced senior and mezzanine financing to take out the existing mortgage and capitalize remaining leasing costs needed for all tenants to open for business.
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.