Arrow Real Estate Advisors arranges $6 million financing for small-bay for sale condos

Bally, PA Arrow Real Estate Advisors, a leading real estate finance advisory firm, has announced it has successfully arranged a $6 million loan for the refinancing of five small-bay industrial condominium units totaling 135,000 s/f at 20 N. Front Street. The financing was secured on behalf of Upper North Group from Castellan / Reign Funding.

The assets are part of the Bally Brook Industrial Park, a large-scale industrial complex strategically positioned to serve the Greater Philadelphia region. Arrow’s team of Morris Betesh, founder and managing partner, Jack McPhail, senior vice president, and Alex Ellman, senior associate, led the transaction.

“We are pleased to have been integral in the financing of the Bally Brook Industrial Park,” said Betesh. “We are seeing increased demand from users for small-bay industrial products and an increased appetite from lenders to be involved in the space. We look forward to continuing to support the growth and success of Upper North Group.”

The deal presented several unique challenges. The financing needed to close on the same day as a tenant’s purchase of their unit, requiring a lender capable of executing with speed and certainty. Additionally, Arrow structured the loan with flexible release pricing to align with the Sponsor’s long-term strategy of selling individual units to owner-occupiers.

This transaction underscores Arrow’s expertise in navigating complex industrial financing, aligning capital with strategic business plans, and delivering financing solutions under tight timelines.