Arrow Arranges CMBS Refi Through Deutsche Bank for Hyde Park Multifamily
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 the borrower, an owner-operator known for its strong operational management and commitment to long-term value creation.
Whether you lend, build, broker, invest, or advise in the multifamily arena, you won’t want to miss Connect Southeast Multifamily on December 4th. If you’re involved in development, repositioning, investment, asset operations, financing, or trading — these insights are designed for you. Take a look at the full event agenda and register now to be in the room on December 4th! www.ConnectSEMF2025.com
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout