Project Overview
Project Overview
Project Overview
Location
Tampa
Location
Tampa
Number of Units
444 Units
Number of Units
444 Units
Loan Amount
$103,000,000
Loan Amount
$103,000,000
Asset Type
Luxury Multifamily
Asset Type
Luxury Multifamily
Transaction Challenges:
» Sponsor was looking to recapitalize their equity, as well as lower their construction financing rate » The property is a three phase development; with one of the phases having a TCO, and the other two phases being in mid-construction
Transaction Challenges:
» Sponsor was looking to recapitalize their equity, as well as lower their construction financing rate » The property is a three phase development; with one of the phases having a TCO, and the other two phases being in mid-construction
ArrowREA Solution:
» Our team was able to create a bidding war between two large debt funds, which created an approved loan at 100% LTC. » The 100% LTC deal features a 36-month term with extension options, full-term interest-only payments, a sub-3% rate, and non-recourse financing.
ArrowREA Solution:
» Our team was able to create a bidding war between two large debt funds, which created an approved loan at 100% LTC. » The 100% LTC deal features a 36-month term with extension options, full-term interest-only payments, a sub-3% rate, and non-recourse financing.
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.