NEW YORK, NY – October 28, 2026 – Through Ariel Property Advisors’ partnership with GREA (Global Real Estate Advisors), the Capital Services Group has arranged a $14.425 million acquisition loan for a 100,000-square-foot, market-rate multifamily property in suburban Philadelphia. The financing gives the new ownership high leverage at acquisition to execute its value-add business plan with less equity.

The loan, provided by a debt fund, carries a three-year term, a floating rate of SOFR + 3.40%, and a 78% loan-to-cost (LTC) ratio. The structure was built around the sponsor’s business plan: maximum proceeds at acquisition and the flexibility to reposition the asset and lease up units on its own timeline.

Ben Schlegel, Senior Director, and Stephen Vorvolakos, Director, of the New York City-based Capital Services Group negotiated the financing. The team was introduced to the opportunity through client relationships developed by Ken Wellar, Founding Partner, and Daniel Yadgaroff, Associate Director, of GREA’s Philadelphia office.

“Value-add sponsors need more than a leverage number. They need terms that fit the business plan,” said Schlegel. “For this loan, we worked with the sponsor to structure the loan around their renovation and lease-up timeline, then took the deal to the lenders that would underwrite the plan, not just the in-place numbers. That’s how we got to 78% LTC.”

Schlegel added, “Our Philadelphia team’s relationships and market knowledge brought us the opportunity, and our New York team’s debt execution got it closed. That cross-office collaboration is what GREA offers sponsors across the Northeast.”