Project Overview
Project Overview
Project Overview
Location
Ormond Beach, FL
Location
Ormond Beach, FL
Loan Amount
$17,000,000
Loan Amount
$17,000,000
Asset Type
Industrial Cold Storage
Asset Type
Industrial Cold Storage
Transaction Challenges:
» Securing a cash-out refinancing (above Sponsor’s cost basis) on a near-stabilized asset only a couple years after the original acquisition.
Transaction Challenges:
» Securing a cash-out refinancing (above Sponsor’s cost basis) on a near-stabilized asset only a couple years after the original acquisition.
ArrowREA Solution:
» The Arrow REA team scoured the market and procured 10 quotes, which ultimately led to securing fixed rate, non-recourse financing with 36-months of interest-only payments and $9 million+ of cash-out from a regional balance sheet lender to satisfy the client’s financing needs.
ArrowREA Solution:
» The Arrow REA team scoured the market and procured 10 quotes, which ultimately led to securing fixed rate, non-recourse financing with 36-months of interest-only payments and $9 million+ of cash-out from a regional balance sheet lender to satisfy the client’s financing needs.
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.