February 16, 2021
Ariel Property Advisors closed out 2020 and began 2021 with a series of fundings throughout the U.S., including sell Manhattan and the external boroughs. Ariel’s Matt Dzbanek led Ariel’s group on a $6-million refinance financing for a 93-unit multifamily portfolio in Manhattan.
Dzbanek also set up a strategic JV partnership in between a foreign investor as well as a skilled NYC owner/operator to obtain value-add homes throughout Brooklyn. The collaboration closed their first of numerous procurements lately in the Bedford-Stuyvesant community of Brooklyn.
Led by Matt Swerdlow, Ariel set up $3.55 million in financing for the cash-out refi as well as partner acquistion of a vacant neighborhood facility condo in Yorkville on the Upper East Side of Manhattan.
Furthermore, Swerdlow led Ariel’s group on the $3.38-million cash-out re-finance for a plan of medical office condos nearby from Elmhurst Health center in Queens.
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