Arrow Real Estate Advisors, a leading real estate finance advisory firm, is pleased to announce that they have secured a $36 million CMBS refinancing from lender Citigroup for a multifamily property located in Manhattan’s Upper West Side. Arrow Real Estate Advisors’ Morris Betesh, Founder and Managing Partner, Jacob Schmuckler, Senior Director and Meir Schlusselberg, Vice President secured the loan for this deal.

The borrower selected CMBS financing to take advantage of several strategic benefits. CMBS loans typically offer non-recourse structure, competitive interest rates, and longer fixed terms, making them an attractive option for institutional-quality properties. In this case, the borrower was able to lock in favorable rates, extract equity from the property, and optimize the capital stack—all without sacrificing ownership control.