REBusinessOnline

Ariel Property Advisors Arranges $6M in Acquisition Financing for Multifamily Portfolio in Brooklyn

NEW YORK CITY — Ariel Property Advisors has arranged $6 million in acquisition financing for a multifamily portfolio in Brooklyn. The properties are located in the Bedford-Stuyvesant, Bushwick and Prospect Lefferts Gardens neighborhoods of Brooklyn. Ariel Property Advisors arranged a five-year term with 30-year amortization and 75 percent loan-to-value for the borrower, a foreign national. The lender was undisclosed.

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