Ariel Property Advisors arranges $33.75 million acquisition loan for 141-unit Renoir House
Manhattan, NY The Capital Services Group for Ariel Property Advisors (Ariel) has arranged a $33.75 million acquisition loan for Renoir House, a 105,282 s/f, 151-unit, predominantly free market luxury residential building at 225 East 63rd St. on the Upper East Side. Aya Acquisitions acquired the property for $45 million.
Matthew Dzbanek and Matt Swerdlow, both senior directors in Ariel Property Advisors’ Capital Services Group, arranged financing with a debt fund.