Brooklyn, NY Arrow Real Estate Advisors arranged a $22 million bridge refinance for 1000 Dean St., a creative office and flex property located in the city’s Crown Heights/Prospect Heights submarket.

The financing was arranged by Arrow’s founder and managing partner Morris Betesh, Israel Mermelstein, Jack McPhail, Alex Ellman, and Joseph Kean and provided by Genesis Credit LLC. The loan refinances a 129,389 s/f asset that serves a mix of creative, office, production, and flex tenants in one of the city’s most active commercial corridors.

1000 Dean St. has established itself as a unique workspace destination within the borough, attracting a broad range of tenants seeking flexible and creative environments. The sponsor’s business plan is focused on continuing to capitalize on leasing momentum at the property, increasing occupancy, and further stabilizing cash flow as the asset progresses through its next phase of growth.