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**Arrow Advises on $50M Refinance for Royal Ledges Apartments in Hyde Park, NY**
Arrow Real Estate Advisors has successfully arranged a $50 million refinancing deal for The Royal Ledges Apartments on behalf of Lexington Property Group. The garden-style, 272-unit multifamily community is located at 4676 Albany Post Road in Hyde Park, New York, and spans 222,000 square feet across 19 buildings. The refinance loan was provided by Deutsche Bank.
Arrow’s team—Founder and Managing Partner Morris Betesh, Director Israel Mermelstein, Senior Vice President Omar Ferreira, and Associate Jacob Petrovic—spearheaded the financing effort.
“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 newly structured CMBS loan consolidates existing debt into a single facility, streamlining the financial foundation of the stabilized asset. Owned and operated by Lexington Property Group, The Royal Ledges Apartments reflects the firm’s ongoing commitment to long-term value creation in the multifamily sector.
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