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

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FINANCED
$14,500,000
Pinchas Vogel
Eli Ben-Meir
Leah Paskus

New York

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MultiFamily52,969 SF
Financed 06/20/2025
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Property Image
FINANCED

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

138 25 Barclay Avenue

See Similar Deals
MultiFamily52,969 SF
Financed 06/20/2025
Pinchas Vogel
Eli Ben-Meir
Leah Paskus
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$273
Total Square Footage:52,969 SF
Transaction Type:Loan

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.

Players

Leah Paskus
Landstone Capital Group
Leah Paskus
35 deals$3.6B volume
BROKER
Pinchas Vogel
Landstone Capital Group
Pinchas Vogel
28 deals$2.2B volume
BROKER
Arion Fund
Arion Fund
LENDER
Eli Ben-Meir
Rosewood Realty Group
Eli Ben-Meir
11 deals$65.2M volume(212) 359-9900
ORIGINATOR

Details

FINANCED
IMAGE: Amit Stern, Eli Ben-Meir, & Dylan Kronenberg DATE: 6/20/2025 ADDRESS: 138-25 Barclay Avenue MARKET: Flushing ASSET TYPE: Multifamily ~ SF: 52,969 ~ UNITS: 48 LENDER: Amit Stern, Eli Ben-Meir & Dylan Kronenberg - Arion Fund LANDLORD: Wolfe Landau - Watermark Capital BROKER: Leah Paskus & Pinchas Vogel - Landstone Capital Group LOAN AMOUNT: $14,500,000 LOAN TYPE: Bridge NOTE FROM LENDER: Arion Fund provided a bridge loan to retire the construction loan on this asset. Arion Fund remains committed to delivering tailored financing solutions that drive growth and opportunity in the multifamily sector. For more information or other inquiries, contact: www.arionfund.com | [email protected] | +1 (201) 374-3121 ext. 103

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,500,000.00

Monthly NOI$96,666.67
Monthly Debt Service$91,649.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00