Arrow Real Estate Advisors arranges $31.4 million bridge loan for Northrop Grumman-leased office asset in Gilbert, AZ

Gilbert, AZ Arrow Real Estate Advisors arranged a $31.40 million bridge loan on behalf of Silver Creek Development for a single-tenant office property located at 1715 West Elliot Rd.

The financing was arranged by Arrow’s Morris Betesh, Eliott Zeitoune, Alex Bailkin, and Andrew Rosenberg and provided by Obra Real Estate, a real estate debt fund. The loan is secured by a 120,294 s/f office building that is fully occupied by Northrop Grumman, a global aerospace and defense technology company with an investment-grade credit profile.

The property serves as a mission-critical facility for Northrop Grumman and benefits from its location within the rapidly expanding Phoenix metropolitan area, one of the nation’s strongest-performing markets for corporate investment and employment growth. The asset’s long-term tenancy and strategic positioning made it an attractive financing opportunity for lenders seeking stable cash-flowing investments backed by institutional-quality occupancy.

“This transaction underscores the continued demand for high-quality assets backed by institutional-caliber tenancy and experienced sponsorship,” said Betesh. “Northrop Grumman’s investment-grade profile, combined with the sponsor’s track record and active presence in the market, made this an exceptionally compelling finance opportunity that closed in under 30 days.”

“This transaction reflects our continued focus on high-quality assets supported by institutional credit and experienced sponsorship,” said Michael Bachenheimer of Obra Real Estate. “Our ability to move quickly and deliver certainty of close is a key differentiator, particularly for sponsors seeking flexible capital in today’s market.”

The financing provides Silver Creek Development with flexible bridge capital while positioning the sponsorship to capitalize on the property’s long-term value and strong tenancy. Obra Real Estate moved quickly through underwriting and closing, enabling the transaction to be completed in less than 30 days from engagement to funding.

The transaction reflects continued lender appetite for well-located office assets leased to creditworthy tenants, particularly in high-growth Sun Belt markets. Despite broader challenges within the office sector, properties supported by investment-grade tenancy and experienced ownership continue to attract significant lender interest and favorable financing terms.

Arrow worked closely with Silver Creek Development and Obra Real Estate throughout the financing process to structure a solution tailored to the sponsor’s objectives. The successful execution highlights Arrow’s ability to source competitive capital for institutional-quality assets and deliver certainty of execution in an evolving lending environment.