Project Overview
Project Overview
Project Overview
Location
Brooklyn
Location
Brooklyn
Number of Units
302 Units
Number of Units
302 Units
Loan Amount
$125,000,000
Loan Amount
$125,000,000
Asset Type
Multifamily
Asset Type
Multifamily
Transaction Challenges:
» Newly completed luxury multifamily property in a traditionally low-density Brooklyn neighborhood » Refinancing before achieving full lease-up creates underwriting challenges around current cash flows » Sponsor sought to transition from construction financing to permanent capital while recapturing equity
Transaction Challenges:
» Newly completed luxury multifamily property in a traditionally low-density Brooklyn neighborhood » Refinancing before achieving full lease-up creates underwriting challenges around current cash flows » Sponsor sought to transition from construction financing to permanent capital while recapturing equity
ArrowREA Solution:
» Arranged a refinance with a leading debt fund, replacing the construction loan and supporting the Sponsor’s long-term business plan » Positioned the property’s unique scale, quality, and amenity package as a market-defining rental offering in Midwood » Emphasized the strength of the location, Sponsor's experience, and the long-term tax abatement to drive lender interest » Structured a non-recourse, interest-only loan with extension options, providing flexibility through stabilization
ArrowREA Solution:
» Arranged a refinance with a leading debt fund, replacing the construction loan and supporting the Sponsor’s long-term business plan » Positioned the property’s unique scale, quality, and amenity package as a market-defining rental offering in Midwood » Emphasized the strength of the location, Sponsor's experience, and the long-term tax abatement to drive lender interest » Structured a non-recourse, interest-only loan with extension options, providing flexibility through stabilization
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.