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AANDAR Arranges $145.3M Refinancing of Apartment Building in New Rochelle, New York
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AANDAR Arranges $145.3M Refinancing of Apartment Building in New Rochelle, New York
NEW ROCHELLE, N.Y. — AANDAR Real Estate Capital, a boutique capital advisory firm based in New Jersey, has arranged the $145.3 million refinancing of The Alary, a 315-unit apartment building in New Rochelle, located north of New York City. The financing consists of a $125.8 million senior bridge loan from Greystone and a $19.5 million preferred equity investment from Forum Investment Group. Developed by Allstate Ventures and completed last year…
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