Long Island City Multifamily Refinancing: $13M for Talo38
Updated: 1 day ago
Arrow Real Estate Advisors arranged a $13 million Long Island City multifamily refinancing for Talo38, a 32-unit rental property in Dutch Kills. The firm’s October 19 announcement described the building as fully occupied.
NYREJ’s October 27 report confirmed that the CMBS loan closed on August 31, 2026. The property is at 25-11 38th Avenue; this transaction refinanced an existing rental asset.
Long Island City Multifamily Refinancing: Key Facts
Item | Reported Details |
Refinancing amount | $13 million |
Financing type | CMBS refinancing |
Rental property | 32 apartments; reported fully occupied |
Loan closing | August 31, 2026 |
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Rental Use and Capital Participation in Dutch Kills
From ARCFE’s perspective, the reported occupancy and completed refinancing provide evidence of residential use and continued lender participation in an established Long Island City rental property. NYREJ also noted that underwriting accounted for future property-tax costs as tax abatements expire.
Our recent coverage of Long Island City construction financing followed capital supporting new housing. Talo38 adds a financing example from a building already in operation.
EB-5 Investor Insight
When reviewing a rental property within an EB-5 opportunity, compare the rent roll with actual rent collections and occupancy records. These documents help connect reported leasing performance with the income available to support the property.
ARCFE View
Founded by iCross Capital, a New York City real estate credit institution with nearly 20 years of experience, ARCFE focuses on how net operating income covers debt service as expenses change, including property-tax costs after abatements expire.
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Disclaimer: Articles published under the "NYC Real Estate" category are curated from third-party media sources for informational purposes only. ARCFE does not claim ownership of the original content, nor does it guarantee the accuracy, completeness, or timeliness of the information presented. The views and opinions expressed in these articles are those of the original authors and do not necessarily reflect the position of ARCFE. Nothing contained herein constitutes investment, legal, or tax advice. Readers are encouraged to consult with qualified professionals before making any investment decisions.
