Arrow Real Estate Advisors arranges $8.3 million refinance for 35 East Bdwy.

Manhattan, NY Arrow Real Estate Advisors closed an $8.3 million refinance loan on behalf of Albert Malekan for 35 East Bdwy., a 31,315 s/f office property located in Chinatown. The financing was provided by Axos Bank and arranged by Jacob Schmuckler, senior director, and Meir Schlusslberg, vice president, of Arrow Real Estate Advisors.

The property comprises 10 office spaces totaling 31,315 s/f.

“This deal illustrates Arrow’s ability to move quickly and structure creative solutions under pressure,” said Jacob Schmuckler, senior director, at Arrow Real Estate Advisors. “By working closely with Axos Bank, we were able to secure favorable financing for Albert Malekan and position the asset for long-term stability.”

Arrow Real Estate Advisors successfully executed the transaction under a tight payoff deadline with the client’s existing lender. Despite challenges that included lease rollover risk and the unique complexities of the Chinatown office market, Arrow delivered a solution and closed the deal in under 60 days.