Matt Swerdlow
Senior Director - Capital Services
Ariel Property Advisors
Matthew Dzbanek
Senior Director - Capital Services
Ariel Property Advisors
NEW YORK, NY – February 11, 2026 – Ariel Property Advisors (Ariel) has arranged an $8 million cash-out refinance loan for an 11-unit, 9,895-square-foot mixed-use building situated on a ground lease in Manhattan’s East Village.
Ariel Property Advisors arranged an $8 million cash-out refinance for this East Village mixed-use property.
An Ariel Capital Services team led by Senior Directors Matt Swerdlow and Matthew Dzbanek represented the borrower in the transaction.
Ariel arranged non-recourse bank financing at 65% loan-to-value, delivering fixed rate, competitively priced debt. The loan carries a 5.875% interest rate with one year of interest-only payments, followed by a 30-year amortization schedule and features a 5+5 year term and a 3-2-1-1-0 prepayment structure.
“The transaction highlights the continued appetite among select banks for well-located mixed-use assets in New York City even if they’re on a ground lease,” Swerdlow said. “By identifying the right lender, we were able to source several quotes and an extensive matrix that not only met the client’s objectives but also showed them the whole landscape of options coming off a couple years of shake ups in the financial industry.”
