Ariel Property Advisors Arranges Two Loans For $3.75 Million On Multifamily Buildings in Brooklyn
Ariel Property Advisors’ Capital Services Division recently arranged cash-out, refinance loans for two multifamily properties totaling $3.75 million. The properties are located at 213 and 215 Ralph Avenue in the Bedford-Stuyvesant section of Brooklyn.
213 Ralph Avenue – The Division arranged a $1.55 million, 5-year non-recourse, fixed-rate loan at 3.68% for the 8 unit, 5,720 square foot multifamily property. The property is situated in Bedford-Stuyvesant, one of the most vibrant neighborhoods in New York City.
215 Ralph Avenue – The Division arranged a $2.2 million, 5-year non-recourse, fixed-rate loan at 3.75% for the 8 unit, 5,720 square foot multifamily property. The building is also located in Bedford-Stuyvesant.