Jairaj Sobhraj Of Zara Realty Holding Secures $225M Refinance With Arbor Realty Trust In Jamaica Queens

LOAN IMAGE: Jay Sobhraj DATE: 02/23/2026 ADDRESS: 88-15 168th Street, 90-36 149th Street & 90-10 149th Street MARKET: Jamaica, Queens ASSET TYPE: Multifamily ~ SF: 1,121,306 ~ UNITS: 1,279

LENDER: Arbor Realty Trust (@ArborRealtyTrust) LANDLORD: Jairaj Sobhraj - Zara Realty Holding

LOAN AMOUNT: $225,000,000 LOAN TYPE: Refinance

NOTE: Zara Realty Holding’s 149 St LLC closed a $225M refinance with Arbor Realty Trust for 18 Jamaica, Queens properties totaling 1,279 residential units and 1.12M sq ft of built space, including 190-unit, 112-unit, and 90-unit elevator buildings.

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