[[{“value”:”
**Arrow Real Estate Advisors Secures $9.6M Acquisition Financing for Flushing Development Sites**
Arrow Real Estate Advisors has successfully arranged $9.6 million in acquisition financing for Century Development Group to purchase two adjacent development parcels located at 144-32 and 144-36 Northern Boulevard in Flushing, Queens. The financing was provided by Israel Discount Bank. The transaction was spearheaded by Arrow’s founder and managing partner Morris Betesh, along with Senior Vice President Omar Ferreira and Associate Jacob Petrovic.
“Executing land acquisitions on tight timelines requires certainty of capital and strong lender alignment,” said Betesh. “Century Development Group moved decisively on a well-located site along Northern Boulevard, and our role was to ensure the financing kept pace with their strategy. We were pleased to deliver a solution that allowed the sponsor to close efficiently and focus on advancing their development plans.”
The acquired site offers a prominent frontage along the busy Northern Boulevard corridor. Following the transaction, Century Development Group plans to pursue necessary site plan approvals as they move forward with future development initiatives.
“}]]
