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New York & Tri-State  + Downtown New York  + Office  | 

Arrow Closes on Refi for Chinatown Property

Arrow Real Estate Advisors closed on an $8,300,000 refinance loan on behalf of Albert Malekan for 35 E. Broadway, a 31,315-square-foot office property located in Chinatown. The financing was provided by Axos Bank and arranged by Arrow senior director Jacob Schmuckler and VP Meir Schlusselberg.

“This deal illustrates Arrow’s ability to move quickly and structure creative solutions under pressure,” said Schmuckler. “By working closely with Axos Bank, we were able to secure favorable financing for Albert Malekan and position the asset for long-term stability.”

Arrow completed the transaction under a tight payoff deadline with the client’s existing lender. Despite challenges that included lease rollover risk and the unique complexities of the Chinatown office market, Arrow closed the deal in under 60 days.

The property comprises 10 office spaces and functions as a commercial hub within Chinatown.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing