New York City

Broad Street Advisors has arranged a $30-million securedrevolving line of credit on behalf of non-traded REIT AmericanRealty Capital Trust Inc. Rob Rizzi at BSA comments in a releasethat locally based ARC ”has proven to be one of the more responsiveand reliable buyers” in the single-tenant net lease sector. “Thiscredit facility will enhance their ability to take advantage of thesignificant buying opportunities anticipated over the comingyears.” The facility has a term of two years, with an extension foran additional year. Rizzi arranged the facility with US Bank.

Arbor Commercial Funding’s Stephen York recently originated a$23.8-million acquisition loan for Clinton Towers, athree-building, 455-unit apartment complex in the Bronx. EasternUnion Commercial’s Barry Lefkowitz, Nate Hyman and Ira Zlotowitzarranged the acquisition financing for the undisclosed borrowerahead of a 1031 exchange’s expiration. The 10-year loan amortizeson a 30-year schedule and carries a note rate of 4.87%.