Ariel Arranges $50M Refi on 13 Multifamily Properties

Ariel Property Advisors’ Capital Services Group has arranged a $50-million refinance loan for a portfolio of 13 multifamily properties in Manhattan. Borrower and locations were not disclosed. The properties include 330 residential units and five commercial units across Manhattan’s Chelsea, East Village, Kips Bay, Upper East Side and Upper West Side neighborhoods.

An Ariel team led by senior directors Matthew Dzbanek and Matt Swerdlow negotiated the 10-year non-recourse loan, which features a 5.38% fixed rate and 25-year amortization.

“The portfolio’s broad appeal across various lender types facilitated a highly effective process, empowering us to showcase the full spectrum of market opportunities to our client,” said Dzbanek. “This proved particularly advantageous amidst recent economic volatility, as the wealth of available data equipped our client to make a well-informed and decisive choice.”

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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).

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