Project Overview
Project Overview
Project Overview
Location
New York, NY
Location
New York, NY
Number of Units
96 Units / 13 Stories
Number of Units
96 Units / 13 Stories
Loan Amount
$30,000,000
Loan Amount
$30,000,000
Asset Type
Ground Lease
Asset Type
Ground Lease
Transaction Challenges:
» At closing, the asset was bifurcated via a newly executed 99-year ground lease. » The leasehold party had not secured construction financing or final development plans, while also covering out-of-pocket ground rent— introducing significant construction and execution risk to the fee lender. » The deal had to close within a 30-day TOE period.
Transaction Challenges:
» At closing, the asset was bifurcated via a newly executed 99-year ground lease. » The leasehold party had not secured construction financing or final development plans, while also covering out-of-pocket ground rent— introducing significant construction and execution risk to the fee lender. » The deal had to close within a 30-day TOE period.
ArrowREA Solution:
» Arrow REA sourced a sophisticated debt fund capable of navigating the highly structured deal and accepting the remaining development risk. » Arrow REA led complex ground lease negotiations, structuring a mutually acceptable framework that protected the fee lender while preserving leasehold financeability for the future multifamily redevelopment. » The transaction closed within the required timeframe, despite the layered complexity.
ArrowREA Solution:
» Arrow REA sourced a sophisticated debt fund capable of navigating the highly structured deal and accepting the remaining development risk. » Arrow REA led complex ground lease negotiations, structuring a mutually acceptable framework that protected the fee lender while preserving leasehold financeability for the future multifamily redevelopment. » The transaction closed within the required timeframe, despite the layered complexity.
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.