New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Ariel Arranges $24M in Loans on Brooklyn, Manhattan Properties
Ariel Property Advisors’ Matthew Dzbanek and Matthew Swerdlow recently arranged more than $24 million in loans for eight mixed-use properties in Brooklyn and Manhattan. The team recently arranged a $9.2-million five-year fixed rate, non-recourse loan for the acquisition of a mixed-use property at 321 Lenox Ave. in Central Harlem.
Additional closed transactions in Brooklyn and Manhattan include the following:
● Rate and term refinancing totaling $2.88 million for two, three-unit mixed-use buildings in Brooklyn’s Crown Heights and Prospect Park South neighborhoods.
● $2.85-million acquisition loan for a 21-unit mixed-use building in Brooklyn’s Ditmas Park neighborhood (pictured).
● $2.75-million cash-out refi for a 19-unit mixed-use building in Greenwich Village.
● $2.5-million cash-out refi for a five-unit mixed-use building in Brooklyn’s Prospect Heights.
● $2.2-million refi for a two-story, three-unit mixed-use building in Brooklyn’s Bedford-Stuyvesant neighborhood.
● $1.75-million refinance loan for a 14-unit, 11,540-square-foot mixed-use building in East Harlem.
- ◦Financing
