Ariel Property Advisors Arranges $13.1M Financing Across Four Properties

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Ariel Property Advisors arranged $13.1 million in financing for four properties in three states: New York, South Carolina and Mississippi.

Recent funding includes:

● A seven-year, $4.87 million acquisition loan for a 47,541 square foot Regal Movie Theater leased by NNN in Rock Hill, SC, located near major thoroughfares and close to downtown Charlotte , North Carolina. The loan carried an interest rate of 4.5% on an amortization of 25 years. The financing was secured by an Ariel team consisting of Eli Weisblum, Senior Director, Capital Services, and Paul McCormick, Partner, Sales Management.

● A $3.77 million refinance for a rent-regulated multifamily property in Brooklyn, NY. The building is made up of 20 residential units spread over 15,200 square feet and is located near the subway and public transportation, educational institutions and green spaces, including Prospect Park. The financing was secured by a team from Ariel that included Matthew Dzbanek and Matthew Swerdlow, both principals of Capital Services.

● A $2.3 million loan for the acquisition and renovation of a multi-family building in Mt. Vernon, New York, comprising 13 units. The 24-month, non-recourse, interest-only loan had an LTC of 85% and a 35-day close. The property sits in a growing submarket north of Manhattan, providing access to Van Cortlandt Park, the New York Botanical Garden, and Pelham Bay Park. The financing was secured by a team from Ariel that included Matthew Swerdlow and Matthew Dzbanek, both principals of Capital Services.

● A $2.175 million acquisition loan for a 27,350 square foot office building in Pascagoula, MS. The loan carried an interest rate of 4.5% for 5+5 years on a 25-year amortization with an LTV of 75%. Chevron Oil anchors the property as anchor tenant, occupying 80% of the space. The financing was secured by an Ariel team consisting of Eli Weisblum, Senior Director, Capital Services, and Paul McCormick, Partner, Sales Management.

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