Castellan Capital Provides $28 Million Construction Loan For Residential Condo In New York

The transaction involves a residential condo located in New York, with a total square footage of 33,350. The loan amount secured for the property is $28,000,000, categorized under a construction loan with a term of two years.

Summary of transaction details:

• Property Type: Residential Condo
• Transaction Amount: $28,000,000
• Lender: Castellan Capital
• Loan Type: Construction
• Loan Terms: 2 Years
• Brokers: Alex Bailkin & Andrew Rosenberg - Arrow Real Estate Advisors
• Transaction Date: 5/4/2026
• Market: New York
• Asset Size: 33,350 SF

Representing the transaction are Alex Bailkin and Andrew Rosenberg, who are affiliated with Arrow Real Estate Advisors. Their expertise contributed to securing the construction loan required for the development of the property in this specific market.