Apr 25, 2025

LIC Adaptive Reuse Scores $125M Construction Loan

Arrow Real Estate Advisors secured a $125-million construction loan from iCross Capital on behalf of Z.D. Jasper Realty for luxury residential condominiums at 45-40 Vernon Blvd. in Long Island City, Queens. The financing was secured by Arrow founder and managing partner Morris Betesh, SVP Omar Ferreira and associate Jacob Petrovic.

A conceptual rendering of a housing development at 45-40 Vernon Boulevard.
A conceptual rendering of a housing development at 45-40 Vernon Boulevard.
A conceptual rendering of a housing development at 45-40 Vernon Boulevard.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.