Project Overview
Project Overview
Project Overview
Location
Queens, NY
Location
Queens, NY
Number of Units
207 Condominium Units
Number of Units
207 Condominium Units
Loan Amount
$115,000,000
Loan Amount
$115,000,000
Asset Type
Luxury Residential Condominium with Retail Component
Asset Type
Luxury Residential Condominium with Retail Component
Transaction Challenges:
» Demolition of an existing commercial building. » Subdivision of the existing zoning lot into two separate lots, one of which would be used for the development of the project and the other to be used at a future date. » Securing financing for a ground-up, mixed-use luxury condominium in an evolving and shifting capital markets.
Transaction Challenges:
» Demolition of an existing commercial building. » Subdivision of the existing zoning lot into two separate lots, one of which would be used for the development of the project and the other to be used at a future date. » Securing financing for a ground-up, mixed-use luxury condominium in an evolving and shifting capital markets.
ArrowREA Solution:
» Executed a targeted marketing process to identify a lender aligned with the Sponsor’s business plan and vision. » Highlighted Sponsorship’s local market expertise, development experience, premier location, and the project’s design to secure a $115 million construction loan. » Delivered attractive terms that resulted in a valuable outcome for all parties involved.
ArrowREA Solution:
» Executed a targeted marketing process to identify a lender aligned with the Sponsor’s business plan and vision. » Highlighted Sponsorship’s local market expertise, development experience, premier location, and the project’s design to secure a $115 million construction loan. » Delivered attractive terms that resulted in a valuable outcome for all parties involved.
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.