Project Overview
Project Overview
Project Overview
Location
Newark, Delaware
Location
Newark, Delaware
Location
Newark, Delaware
Number of Units
229 units
Number of Units
229 units
Number of Units
229 units
Loan Amount
$50,000,000
Loan Amount
$50,000,000
Loan Amount
$50,000,000
Asset Type
Class A Multifamily Residential Tower
Asset Type
Class A Multifamily Residential Tower
Asset Type
Class A Multifamily Residential Tower
Transaction Challenges:
The development represents the first residential project on the University of Delaware’s STAR Campus, a rapidly transforming 272-acre innovation hub. As a pioneering multifamily project in an emerging submarket, establishing lender confidence in future leasing demand and rent potential required a compelling narrative. Additional challenges included positioning the asset to attract a unique tenant mix—from university staff to professionals in the growing health sciences, biopharma, and fintech industries—and ensuring that financing aligned with the evolving dynamics of the STAR Campus master plan.
Transaction Challenges:
The development represents the first residential project on the University of Delaware’s STAR Campus, a rapidly transforming 272-acre innovation hub. As a pioneering multifamily project in an emerging submarket, establishing lender confidence in future leasing demand and rent potential required a compelling narrative. Additional challenges included positioning the asset to attract a unique tenant mix—from university staff to professionals in the growing health sciences, biopharma, and fintech industries—and ensuring that financing aligned with the evolving dynamics of the STAR Campus master plan.
Transaction Challenges:
The development represents the first residential project on the University of Delaware’s STAR Campus, a rapidly transforming 272-acre innovation hub. As a pioneering multifamily project in an emerging submarket, establishing lender confidence in future leasing demand and rent potential required a compelling narrative. Additional challenges included positioning the asset to attract a unique tenant mix—from university staff to professionals in the growing health sciences, biopharma, and fintech industries—and ensuring that financing aligned with the evolving dynamics of the STAR Campus master plan.
ArrowREA Solution:
Arrow Real Estate Advisors arranged $50 million in construction financing. The team leveraged deep market insights and the proven track record of the developer to structure a financing package that addressed the unique dynamics of the STAR Campus. The result is a well-capitalized project positioned to meet growing demand for luxury housing at one of Delaware’s most transformative innovation districts.
ArrowREA Solution:
Arrow Real Estate Advisors arranged $50 million in construction financing. The team leveraged deep market insights and the proven track record of the developer to structure a financing package that addressed the unique dynamics of the STAR Campus. The result is a well-capitalized project positioned to meet growing demand for luxury housing at one of Delaware’s most transformative innovation districts.
ArrowREA Solution:
Arrow Real Estate Advisors arranged $50 million in construction financing. The team leveraged deep market insights and the proven track record of the developer to structure a financing package that addressed the unique dynamics of the STAR Campus. The result is a well-capitalized project positioned to meet growing demand for luxury housing at one of Delaware’s most transformative innovation districts.
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.