Arion Fund Provides $14.5 Million Bridge Loan To Wolfe Landau For Flushing Multifamily Asset

The asset involved in the transaction is a multifamily property located at 138-25 Barclay Avenue in Flushing. It encompasses 52,969 square feet and consists of 48 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,500,000
• Loan Type: Bridge
• Lender: Amit Stern, Eli Ben-Meir & Dylan Kronenberg - Arion Fund
• Landlord: Wolfe Landau - Watermark Capital
• Broker: Leah Paskus & Pinchas Vogel - Landstone Capital Group

A bridge loan was provided by Arion Fund to retire the construction loan on this asset. Arion Fund is focused on delivering tailored financing solutions within the multifamily sector to drive growth and opportunity.