In a rapidly shifting market, rates fluctuated almost daily. Our team worked closely with Walker & Dunlop to lock in a favorable rate and deliver the right structure for our client. We’re proud to have helped a valued borrower navigate these conditions successful.
— Eli Serebrowski, Senior Director, Arrow Real Estate Advisors
Arrow Real Estate Advisors secured a $12,091,000 Freddie Mac loan for a multifamily property at 3030 Middletown Rd. in the Bronx. Senior director Eli Serebrowski and VP Meir Schlusselberg arranged the financing on behalf of client H Holding Group / Magen Capital, led by Sharon Hakmon.
The 50,916-square-foot property includes 46 residential apartments and 2 commercial units, and the new loan replaces a maturing mortgage. Arrow secured a five-year loan with two years of interest-only payments at a rate of 5.41%, providing the borrower with long-term stability and attractive terms amidthe currently volatile rate environment.
