Press Releases Archive
Ben Schlegel
Director - Capital Services
Ariel Property Advisors
Paul McCormick
Partner - Sales Management
Ariel Property Advisors
NEW YORK, NY – December 4, 2024 – The Capital Services Group for Ariel Property Advisors (Ariel) has arranged two loans totaling $11.75 million for properties in Manhattan and Queens.
Ben Schlegel, a Director in the Capital Services Group at Ariel Property Advisors, and Paul McCormick, Partner, Sales Management, represented separate borrowers in the two transactions.
The loans included:
“The loan for the mixed-use property in Manhattan was a “time of the essence” closing but we were still able to run our full process and find the right lender who chose to compete by exceeding our loan request,” Mr. Schlegel said. “At Ariel, we’re very bullish on the market. So far this quarter, our team has closed north of $75 million in loans and we have a robust pipeline headed into 2025.”
NOTE: For more information about the New York City investment sales market, please refer to Ariel’s latest research reports covering the New York City investment sales market: Q3 2024 Multifamily Quarter In Review New York City, Manhattan 2024 Mid-Year Commercial Real Estate Trends report, Queens 2024 Mid-Year Commercial Real Estate Trends report, Brooklyn 2024 Mid-Year Commercial Real Estate Trends report, Bronx 2024 Mid-Year Commercial Real Estate Trends report and Northern Manhattan 2024 Mid-Year Commercial Real Estate Trends report.
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Ariel Property Advisors is a New York City-based commercial real estate services and advisory company offering expertise in three core areas: Investment Sales, Capital Services and Research & Advisory. Our Investment Sales Group specializes in all major commercial asset types throughout the New York metropolitan area, the Capital Services Group provides clients nationwide with custom-tailored financing solutions and the Research & Advisory team delivers timely market reports, empowering both our professionals and clients. Additionally, our recent strategic partnership with GREA (Global Real Estate Advisors), a nationwide network of independent real estate investment services companies, further expands our reach and capabilities. To learn more, please visit us at arielpa.nyc.