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New York & Tri-State  + Outer  + Finance  |  October 2, 2023
Emily Fu
By: Emily Fu

Ariel Property Arranges $20M BK Properties Financing  

The Capital Services Group for Ariel Property Advisors facilitated five loans totaling over $20 million to fund the construction, acquisition, and refinancing of Brooklyn properties.  

The deals include a $10 million construction loan for a Boerum Hill condo property, a $4.5 million condo inventory loan for a Prospect Heights building, a $2.8 million loan for a luxury townhouse conversion in Boerum Hill, a $1.7 million acquisition loan for an eight-unit multifamily building in Bedford Stuyvesant, and a $1.399 million cash-out refinancing for a fully rent-stabilized, eight-unit multifamily building in Prospect Heights. 

Matthew Dzbanek and Matt Swerdlow of Ariel Property Advisors arranged the transactions. “The Brooklyn multifamily market is still showing positive signs, and lenders have been eager to meet the specific needs of the borrowers we represent,” said Dzbanek.  

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Inside The Story

Matthew Dzbanek

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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