Arrow Real Estate Advisors arranges $7.5 million bridge loan for development site

Middletown, NY Arrow Real Estate Advisors has arranged a $7.5 million bridge loan for a development site.

The 48-acre site is progressing through the final stages of the approval process for the planned development of an 461,500 s/f warehouse facility.

The Arrow team of Jacob Schmuckler, Louis Halperin and Alan Frastai arranged the financing through a bank lender. The transaction closed on August 10, 2026.

The bridge financing provides the sponsor with capital while it completes the remaining approvals and permitting process ahead of the planned development.

“Financing land during the final stages of the entitlement process can require a lender with both flexibility and a strong understanding of the development timeline,” said Jacob Schmuckler of Arrow Real Estate Advisors. “We were able to identify a banking partner that understood the opportunity and structure a bridge loan that gives the sponsor the runway needed to complete approvals and move the project toward construction.”