Project Overview
Project Overview
Project Overview
Location
Long Island City, NY
Location
Long Island City, NY
Number of Units
34 Residential Units | 3 Commercial Units
Number of Units
34 Residential Units | 3 Commercial Units
Loan Amount
$20,000,000
Loan Amount
$20,000,000
Asset Type
Mixed-Use Multifamily
Asset Type
Mixed-Use Multifamily
Transaction Challenges:
» Required noise mitigation measures due to proximity to active transit lines » Navigating complexities of the 421-a Tax Abatement program
Transaction Challenges:
» Required noise mitigation measures due to proximity to active transit lines » Navigating complexities of the 421-a Tax Abatement program
ArrowREA Solution:
» Arrow REA successfully refinanced the Sponsor’s construction loan with a competitively priced permanent loan. » Introduced a long-standing client to an active regional bank in the tri-state area, overcoming market uncertainty by presenting a compelling lease-up trajectory and product positioning.
ArrowREA Solution:
» Arrow REA successfully refinanced the Sponsor’s construction loan with a competitively priced permanent loan. » Introduced a long-standing client to an active regional bank in the tri-state area, overcoming market uncertainty by presenting a compelling lease-up trajectory and product positioning.
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.