Morris Betesh & Omar Ferreira Of Arrow Real Estate Advisors Secure $105M Construction Loan In Brooklyn
FINANCED
$105,000,000
New York
See Similar DealsMultiFamily1 SF
Financed 04/10/2025
FINANCED
Morris Betesh & Omar Ferreira Of Arrow Real Estate Advisors Secure $105M Construction Loan In Brooklyn
MultiFamily1 SF
Financed 04/10/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$105,000,000
Total Square Footage:1 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at Fleet Place in Brooklyn, comprising a total of 99 units. The loan amount secured for this construction project is $105,000,000, supported by lenders Bank Hapoalim and Israel Discount Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $105,000,000
- Address: Fleet Place
- Market: Brooklyn
- Units: 99
- Lenders: Bank Hapoalim & Israel Discount Bank
- Landlord's Representative: Morris Betesh & Omar Ferreira - Arrow Real Estate Advisors
Morris Betesh and Omar Ferreira represent the landlord in this significant transaction, facilitating the loan arrangement crucial for the construction of this multifamily asset. Both representatives are associated with Arrow Real Estate Advisors, contributing their expertise to the deal.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$105,000,000.00
Monthly NOI$700,000.00
Monthly Debt Service$663,671.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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