Project Overview
Project Overview
Project Overview
Location
Lumberton, NJ & Oakland, NJ
Location
Lumberton, NJ & Oakland, NJ
Loan Amount
$38,340,000
Loan Amount
$38,340,000
Asset Type
Industrial- Class A Warehouse & Class B Warehouse
Asset Type
Industrial- Class A Warehouse & Class B Warehouse
Transaction Challenges:
» Vacant Big Box Spec Lease-Up in a market with recently increased supply & market vacancy » Mark-to-market on the smaller warehouse in 3-years » Very low NOI at closing » No Warm Body Guarantor (Fund Structure)
Transaction Challenges:
» Vacant Big Box Spec Lease-Up in a market with recently increased supply & market vacancy » Mark-to-market on the smaller warehouse in 3-years » Very low NOI at closing » No Warm Body Guarantor (Fund Structure)
ArrowREA Solution:
» The Arrow REA team ran a comprehensive marketing process to procure offers from Life Insurance Companies, Banks & Debt Funds and ultimately secured a Life Insurance Company to provide a 4 + 1 term which would provide enough runway to execute a mark-to-market on the smaller asset within the initial loan term while leasing up the larger asset and benefiting from annual rent escalations before either refinancing or selling down the road.
ArrowREA Solution:
» The Arrow REA team ran a comprehensive marketing process to procure offers from Life Insurance Companies, Banks & Debt Funds and ultimately secured a Life Insurance Company to provide a 4 + 1 term which would provide enough runway to execute a mark-to-market on the smaller asset within the initial loan term while leasing up the larger asset and benefiting from annual rent escalations before either refinancing or selling down the road.
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.