Brooklyn, NY Arrow Real Estate Advisors secured $4.9 million in acquisition and construction financing for a multifamily property located at 220 Union St. The loan was arranged on behalf of Omri Bar-Mashiah of Minerva Builds and provided by Derby Copeland, a debt fund lender. The transaction was led by Michael Tsyngauz, director, and Louis Halperin, associate, of Arrow Real Estate Advisors.

“This was a highly time-sensitive transaction that required alignment across all parties from day one,” said Tsyngauz. “By streamlining the process and maintaining constant communication with the lender and borrower, we were able to deliver a seamless execution and meet the required closing deadline.”

The financing will facilitate the acquisition and redevelopment of a vacant 4,560 s/f building into four individual condominium units across three stories, contributing to the continued evolution of the neighborhood’s residential landscape.

The deal required precise execution under a tight timeline, as the borrower was operating within a time-of-essence framework. Arrow navigated this challenge by implementing an expedited workflow, coordinating immediate documentation and a rapid appraisal process to ensure the transaction closed on schedule.