Arrow Real Estate Advisors has arranged a $50,000,000 refinance on behalf of Lexington Property Group for The Royal Ledges Apartments, a 19-building, 222,000-square-foot, 272-unit multifamily community located at 4676 Albany Post Rd., Hyde Park, NY. The loan was provided by Deutsche Bank. Arrow founder and managing partner Morris Betesh, director Israel Mermelstein, SVP Omar Ferreira and associate Jacob Petrovic 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. The Royal Ledges Apartments is a stabilized, garden-style multifamily property owned and operated by Lexington Property Group, known for its strong operational management and commitment to long-term value creation.
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