FINANCEDDevelopment Site
$130 Million Loan Secured For Development Site In Financial District By Arrow Real Estate Advisors
$100,000,000
Building Size
—
Asset Type
Development Site
Closing
Jun 30, 2025
AI
The property involved in the transaction is a development site located in the Financial District. The loan amount secured for this acquisition is $130,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $130,000,000
- Loan Type: Acquisition
- Date: 7/1/2025
- Brokers: Omar Ferreira, Brandon Serota & Morris Betesh - Arrow Real Estate Advisors
The deal was facilitated by brokers Omar Ferreira, Brandon Serota, and Morris Betesh, representing Arrow Real Estate Advisors in this significant transaction within the Financial District.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93