Project Overview
Project Overview
Project Overview
Location
Downtown Manhattan, New York, NY
Location
Downtown Manhattan, New York, NY
Location
Downtown Manhattan, New York, NY
Number of Units
272 residences across 88 stories; 912 ft. tall
Number of Units
272 residences across 88 stories; 912 ft. tall
Number of Units
272 residences across 88 stories; 912 ft. tall
Loan Amount
$350,000,000
Loan Amount
$350,000,000
Loan Amount
$350,000,000
Asset Type
Luxury Residential Tower
Asset Type
Luxury Residential Tower
Asset Type
Luxury Residential Tower
Transaction Challenges:
The deal required a complex recapitalization to reduce high construction loan costs while maintaining momentum on a landmark 88-story luxury development. Securing lender confidence for a project of this scale, with its distinctive design and premium positioning, added to the complexity amid a shifting capital markets environment.
Transaction Challenges:
The deal required a complex recapitalization to reduce high construction loan costs while maintaining momentum on a landmark 88-story luxury development. Securing lender confidence for a project of this scale, with its distinctive design and premium positioning, added to the complexity amid a shifting capital markets environment.
Transaction Challenges:
The deal required a complex recapitalization to reduce high construction loan costs while maintaining momentum on a landmark 88-story luxury development. Securing lender confidence for a project of this scale, with its distinctive design and premium positioning, added to the complexity amid a shifting capital markets environment.
ArrowREA Solution:
Arrow Real Estate Advisors structured a creative financing solution that effectively recapitalized the project. The financing significantly lowered construction loan costs and reinforced the long-term viability of the development. The successful closing underscores investor confidence in The Greenwich as a premier residential destination and one of Rafael Viñoly’s final architectural masterpieces in New York City.
ArrowREA Solution:
Arrow Real Estate Advisors structured a creative financing solution that effectively recapitalized the project. The financing significantly lowered construction loan costs and reinforced the long-term viability of the development. The successful closing underscores investor confidence in The Greenwich as a premier residential destination and one of Rafael Viñoly’s final architectural masterpieces in New York City.
ArrowREA Solution:
Arrow Real Estate Advisors structured a creative financing solution that effectively recapitalized the project. The financing significantly lowered construction loan costs and reinforced the long-term viability of the development. The successful closing underscores investor confidence in The Greenwich as a premier residential destination and one of Rafael Viñoly’s final architectural masterpieces in New York City.
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.
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.