Kennett Square, PA Arrow Real Estate Advisors arranged $22.425 million in total financing across two properties at 101 E. State St. and 128 E. State St. on behalf of 9SDC. The two transactions closed simultaneously on June 26, 2026.
The financing was structured as two separate bank loans tailored to each property’s business plan.
For 101 E. State St., Arrow arranged a $7 million bridge loan with S&T Bank to support the acquisition and repositioning of the 93,468 s/f, three-story office and retail building.
For 128 E. State St., Arrow arranged a $15.425 million construction loan with Valley Bank to finance the acquisition and adaptive reuse conversion of the six-story, 82,623 s/f property into 60 luxury market-rate apartments with ground-floor retail.
