Arrow Real Estate Advisors has arranged acquisition financing for a seven-property mixed-use portfolio spanning multiple neighborhoods in Manhattan. The firm secured a $69.7 million acquisition bridge loan on behalf of TARGO Capital Partners, supporting the purchase of assets located across the Lower East Side, East Village and West Village. The portfolio combines residential and street-level retail components and is positioned in some of Manhattan’s most established urban neighborhoods.
The Arrow Real Estate Advisors team on the assignment included founder and managing partner Morris Betesh, director Brandon Serota, SVP Morris Dabbah and analyst Zach Strauss. They coordinated the financing process and sourced the bridge loan from Bridge Investment Group, which acted as the lender. The mandate focused on delivering acquisition capital on an expedited timeline while maintaining alignment with TARGO Capital Partners’ investment objectives.
Betesh described the engagement as an example of Arrow’s role in helping clients expand their investment platforms with hands-on capital markets support. He noted that as TARGO Capital Partners evaluated the acquisition, Arrow remained in close communication and worked to ensure that capital markets execution did not become a constraint on the transaction. According to Betesh, the team generated strong interest from lenders over a short period, ultimately resulting in the bridge loan provided by Bridge Investment Group.
The seven-property portfolio totals 76,182 gross square feet and consists of 127 residential units along with 13 retail units. The combination of residential density with dedicated retail frontage reflects the mixed-use character of the properties. Concentrated within the Lower East Side, East Village and West Village areas of Manhattan, the assets benefit from established residential demand and active retail corridors.
The transaction underscores ongoing lender engagement with well-located, mixed-use urban assets, particularly when supported by experienced sponsorship and an intermediary able to coordinate the financing process. For TARGO Capital Partners, the bridge facility provides acquisition capital to complete the portfolio purchase, with Arrow Real Estate Advisors acting as the capital markets advisor and Bridge Investment Group supplying the loan.
