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New York & Tri-State  + Outer  + Finance  | 

Ariel Completes Eight Brooklyn Financings in September

Ariel Property Advisors arranged $15 million in loans for eight properties in four Brooklyn neighborhoods in the third quarter. The latest closings in Prospect Lefferts Gardens, Bushwick, Bedford Stuyvesant and Greenpoint bring the number of financing and sales transactions the firm has arranged in Brooklyn to 35 in the first three quarters of the year. 

The latest transactions were executed by Ariel’s senior directors of capital services, Matthew Dzbanek and Matt Swerdlow. 

“These deals reflect the sustained lender interest in mixed-use and multifamily buildings in Brooklyn,” said Dzbanek. “Although rates have increased since the first of the year, we are continuing to see a tremendous amount of demand for these assets.” 

Swerdlow added, “We’re pleased that lenders are still actively seeking deals. While market conditions have compelled some institutions to step back, other lenders are stepping up and filling the void.” 

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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 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).

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