Arrow Real Estate Advisors arranges $50 million refinance for The Royal Ledges Apartments

Hyde Park, NY Arrow Real Estate Advisors arranged a $50 million refinance on behalf of Lexington Property Group for The Royal Ledges Apartments, a 19-building, 222,000 s/f, 272-unit multifamily community located at 4676 Albany Post Rd. The loan was provided by Deutsche Bank, and Arrow Real Estate Advisors’ Morris Betesh, founder and managing partner, Israel Mermelstein, director, Omar Ferreira, senior vice president, and Jacob Petrovic, associate, arranged the financing.

“This refinance underscores Lexington Property Group’s strong operational management and the continued strength of high-quality multifamily assets,” said Betesh. “By executing under a compressed timeline, we delivered a long-term financing solution with Deutsche Bank that positions The Royal Ledges for continued success.”

The refinance consolidates existing debt into a single CMBS loan facility provided by Deutsche Bank, simplifying the capital structure and securing long-term, fixed-rate financing with enhanced capital flexibility. The Royal Ledges Apartments is a stabilized, garden-style multifamily property owned and operated by Lexington Property Group.

Arrow Real Estate Advisors faced a compressed timeline to maturity across several legacy loans, requiring an accelerated execution process to meet strict closing deadlines. Additionally, the team navigated a volatile interest rate environment, ensuring the Sponsor achieved strong loan proceeds at a competitive rate. Through its extensive CMBS lender relationships and deep market expertise, Arrow successfully structured and closed the refinance, achieving the Sponsor’s goals for both timing and structure.

By emphasizing the property’s consistent operating history and Lexington Property Group’s proven performance, Arrow delivered a refinancing solution that provides long-term stability, financial efficiency, and capital flexibility.