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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).