Arrow Real Estate Advisors arrange $30 million refinancing for retail center

Bronx, NY Arrow Real Estate Advisors arranged $30 million in refinancing for a neighborhood retail center. The financing was provided by a life insurance company lender and will support the ownership’s ongoing operational initiatives while positioning the property for long-term success. The financing execution was led by Morris Betesh, founder and managing partner, Jack McPhail, senior vice president, and Alex Ellman, senior associate.

This retail center is 95% occupied and features a mix of national and regional tenants. The center provides in-place cash flow with upside potential through strategic re-leasing or future redevelopment opportunities.

Located near major arteries, this retail center benefits from visibility and access. The property is situated in one of New York City’s most densely populated boroughs, surrounded by a residential community and local retail base. Continued multifamily development in the area, coupled with limited large-scale retail availability, reinforces the property’s role as a key commercial destination.

“Despite today’s cautious lending environment, we were able to leverage our deep market knowledge and lender relationships to deliver favorable loan terms that reflect the asset’s strength and the sponsor’s vision,” said Betesh.

Proceeds from the refinance will support property enhancements and leasing initiatives to further strengthen the asset’s performance.