Ariel Property Advisors’ capital services group arranges $50 million refi loan for 13-building Manhattan portfolio

Manhattan, NY Ariel Property Advisors’ capital services group has arranged a $50 million refinance loan for a portfolio of 13 multifamily properties.

The properties include 330 residential units and five commercial units across the city’s Chelsea, East Village, Kips Bay, Upper East Side and Upper West Side neighborhoods.

An Ariel team led by senior directors Matthew Dzbanek and Matt Swerdlow negotiated the 10-year non-recourse loan, which features a 5.38% fixed rate and 25-year amortization.

“The portfolio’s broad appeal across various lender types facilitated a highly effective process, empowering us to showcase the full spectrum of market opportunities to our client,” said Dzbanek. “This proved particularly advantageous amidst recent economic volatility, as the wealth of available data equipped our client to make a well-informed and decisive choice.”