Project Overview
Project Overview
Project Overview
Location
Long Island City
Location
Long Island City
Number of Units
802 Units
Number of Units
802 Units
Loan Amount
$502,000,000
Loan Amount
$502,000,000
Asset Type
Condominium Building
Asset Type
Condominium Building
Transaction Challenges:
» Record-sized condominium construction loan in constrained lending environment » Massive property plan containing 802 units across 958,000 square feet » General Partners’ largest project to date » Bank loan highly preferred to debt fund
Transaction Challenges:
» Record-sized condominium construction loan in constrained lending environment » Massive property plan containing 802 units across 958,000 square feet » General Partners’ largest project to date » Bank loan highly preferred to debt fund
ArrowREA Solution:
» Our team’s strong understanding of the bank market, the strength of the location and the experience of the Sponsorship allowed us to arrange a $502 million balance sheet loan led by a major U.S. bank with a foreign bank participant on favorable terms. This streamlined structure avoided the syndication risk of numerous banks typical of a deal this size.
ArrowREA Solution:
» Our team’s strong understanding of the bank market, the strength of the location and the experience of the Sponsorship allowed us to arrange a $502 million balance sheet loan led by a major U.S. bank with a foreign bank participant on favorable terms. This streamlined structure avoided the syndication risk of numerous banks typical of a deal this size.
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.