Arrow Real Estate Advisors arranges $28 million in refinancing for two industrial assets

Manhattan, NY Arrow Real Estate Advisors, a leading real estate finance advisory firm, has successfully arranged two separate refinancing transactions totaling $28 million for a pair of industrial properties in New Jersey and California totaling 170,801 s/f. The loans were provided by Emerald Creek Capital and SG Capital Partners.

The two refinances were secured on behalf of a long-time institutional client, a private equity real estate investment firm with over $3 billion of AUM. The refinance accommodated the Sponsor’s ability to extract equity and provide extended runway as they continue to execute their value-add strategy and optimize returns to their investors. 

While both properties were cash-flowing, each deal presented unique challenges. One refinance involved a single-tenant asset with lease rollover during the initial term of the loan. The second presented a more complex scenario: a tenant with inconsistent rent payments, multiple near-term lease expirations, and a tight overall cash flow profile. 

Arrow ran tailored marketing processes for each transaction, ultimately identifying two separate lenders capable of understanding the nuances of each deal. The loans were structured to support the sponsor’s ongoing business plan without imposing constraints that could limit long-term upside. 

“We are proud to have closed two more loans for a long-time institutional client and are grateful to have earned their repeat business,” said Morris Betesh, founder and managing partner of Arrow Real Estate Advisors. “This package was truly a ‘tale of two closings’ where one progressed without a hitch, while the other encountered multiple curveballs along the way. Thanks to the professionalism and flexibility of our lenders and client, we were able to navigate each hurdle and bring both transactions to a successful close. Kudos, onwards, and upwards.”