Project Overview
Project Overview
Project Overview
Location
New York, NY
Location
New York, NY
Number of Units
713 Units
Number of Units
713 Units
Loan Amount
$320,000,000
Loan Amount
$320,000,000
Asset Type
Office to Multifamily Conversion
Asset Type
Office to Multifamily Conversion
Transaction Challenges:
» Partial conversion business plan resulting in mixed office and residential collateral » Challenging unit layouts resulting from the conversion presented a lease up risk » Uncertainty in construction financing market due to tariff risks
Transaction Challenges:
» Partial conversion business plan resulting in mixed office and residential collateral » Challenging unit layouts resulting from the conversion presented a lease up risk » Uncertainty in construction financing market due to tariff risks
ArrowREA Solution:
» Our team's strong lender relationships and skill in navigating complex transactions allowed us to arrange a 75% LTC construction loan from a debt fund lender that could move quickly and offer high certainty of execution.
ArrowREA Solution:
» Our team's strong lender relationships and skill in navigating complex transactions allowed us to arrange a 75% LTC construction loan from a debt fund lender that could move quickly and offer high certainty of execution.
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.