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Strong Activity in Brooklyn With Ariel Property Advisors’ Capital Services Team Closing Over $20M in Loans Across the Borough

Matthew Dzbanek
Senior Director - Capital Services
Ariel Property Advisors

Matt Swerdlow
Senior Director - Capital Services
Ariel Property Advisors

NEW YORK, NY – September 20, 2023 – The Capital Services Group for Ariel Property Advisors (Ariel) recently arranged five loans totaling more than $20 million to finance the construction, acquisition and refinancing of properties throughout Brooklyn.

The Capital Services Group at Ariel Property Advisors arranged a loan for this property and four others across Brooklyn for a total of more than $20 million.

Matthew Dzbanek and Matt Swerdlow, both Senior Directors with Ariel Property Advisors, arranged the transactions.

“The commercial real estate financing market remains challenging, however, through our process and tenacity we were able to arrange these latest loans with favorable terms for our clients,” said Dzbanek. “The Brooklyn multifamily market is still showing positive signs, and lenders have been eager to meet the specific needs of the borrowers we represent.”

The transactions include the following:

          • $10,000,000 construction loan for a condo property in Boerum Hill. The two-year, interest only, non-recourse loan closed five weeks from the term sheet signing. The loan includes a one-year extension and will enable the borrower to renovate five existing apartments and add six new units.

          • $4,500,000 condo inventory loan for a two-unit building in Prospect Heights. The one-year cash-out refinance loan features full-term interest only. The non-recourse loan closed pre-temporary certificate of occupancy (TCO), which will give the borrower time to expose the condos to the market and get the best price for the units.

          • $2,800,000 loan for a luxury townhouse conversion in Boerum Hill. The two-year, interest only, non-recourse loan includes a one-year extension and will enable the borrower to expand the property, both vertically and horizontally.

          • $1,700,000 acquisition loan for the purchase of an eight-unit multifamily building in Bedford Stuyvesant. The 5.70% fixed-rate non-recourse loan features a seven-year term, with two years of interest only, a 30-year amortization schedule and 70% LTV.

          • $1,399,000 cash-out refinancing for a fully rent stabilized, eight-unit multifamily building in Prospect Heights. The 5.80% fixed-rate non-recourse loan features a five-year term, two years interest only, and 75% LTV. The terms were locked in at signing.

For more information, please contact: Gail Donovan at 212.544.9500 ext. 19 or

Ariel Property Advisors

Ariel Property Advisors is a New York City-based commercial real estate services and advisory company with three main groups: investment sales, capital services and research. The Investment Sales Group covers all major commercial asset types throughout the NY metropolitan area, while the Capital Services Group provides clients nationwide with custom tailored financing. Finally, our Research team empowers our professionals and clients with timely market reports. More information is available at

For press inquiries, please contact our Public Relations Department at 212.544.9500 ext. 19 or via


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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein.