Project Overview
Project Overview
Project Overview
Location
New York
Location
New York
Number of Units
128 Condominium Units
Number of Units
128 Condominium Units
Loan Amount
$117,500,000
Loan Amount
$117,500,000
Asset Type
Mixed-Use Condominium
Asset Type
Mixed-Use Condominium
Transaction Challenges:
» Ambiguous zoning regulations near Dyer Avenue and the Lincoln Tunnel » Uncertainty surrounding the planned two-block extension of Bella Abzug Park and adjacent public green space
Transaction Challenges:
» Ambiguous zoning regulations near Dyer Avenue and the Lincoln Tunnel » Uncertainty surrounding the planned two-block extension of Bella Abzug Park and adjacent public green space
ArrowREA Solution:
» Our team leveraged the Sponsor’s strong development track record and prior lending relationship to instill lender confidence despite zoning uncertainty. The team secured certainty of execution by aligning lender expectations and underwriting assumptions with the project’s long-term vision.
ArrowREA Solution:
» Our team leveraged the Sponsor’s strong development track record and prior lending relationship to instill lender confidence despite zoning uncertainty. The team secured certainty of execution by aligning lender expectations and underwriting assumptions with the project’s long-term vision.
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.