Matthew Dzbanek
Senior Director - Capital Services
Ariel Property Advisors
Matt Swerdlow
Senior Director - Capital Services
Ariel Property Advisors
Ben Schlegel
Director - Capital Services
Ariel Property Advisors
NEW YORK, NY – March 11, 2025 – The Capital Services Group for Ariel Property Advisors (Ariel) recently arranged nine separate financing transactions totaling more than $27 million for properties in Brooklyn, Upstate New York, Connecticut, Pennsylvania, Texas and New Mexico. These closings bring the team’s total transactions to over $100 million in recent months.
A Capital Services team–Matthew Dzbanek and Matt Swerdlow, both Senior Directors, and Ben Schlegel, Director–arranged the following transactions:
• A $7.665 million cash-out refinance loan for a package of three buildings with 23 units in the Greenpoint section of Brooklyn. The 65% LTV non-recourse loan included a fixed rate and 30-year amortization. • A $6.65 million refinance loan for a 42,868 SF retail/mixed-use property in South Norwalk, CT. Terms of the 18-month, non-recourse loan included full-term interest only financing. The funds capitalized the build-out and lease-up of a private school tenant. • A $3.2 million recapitalization for a construction project with 10 townhomes totaling 12,400 GSF in Philadelphia, PA. The terms included 62% LTV. • A $2.5 million construction loant for a seven-unit condominium in the Bushwick section of Brooklyn. Terms of the two-year loan included full-term interest only financing. • A $1.99 million refinance loan for a 13,000 SF, owner-occupied facility in Houston, TX. The interest rate was 7.25% for the 10-year loan with 25-year amortization at 80% LTV. • A $1.675 million refinance loan for a multifamily property in the Greenpoint section of Brooklyn. Terms of the five-year loan included 6.11% fixed-rate financing, 30-year amortization and 70% LTC. The team negotiated higher proceeds during underwriting. • A $1.521 million refinance loan for an eight-unit, 7,128 SF multifamily building in the Prospect Lefferts Garden section of Brooklyn. The non-recourse, 60% LTV cash out refinance featured a 5.6% fixed rate. • A $1.225 million refinance loan for a NNN retail site outside of Buffalo, NY. The five year, 6.75% fixed rate loan featured a 65% LTV. • A $1 million acquisition loan for a 9,975 SF industrial property in Carlsbad, NM. The five-year loan featured a 6.75% interest rate and 65% LTV.
