Ariel Property Advisors Brokers Matt Swerdlow & Matt Dzbanek Arrange $9.9M Acquisition Loan For Mixed-use Property In Greenwich Village

The mixed-use property located at 36 West 11th Street in Greenwich Village has been involved in a recent transaction. The property spans a total square footage of 7,516 and is situated in a prime market area.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $9,900,000
• Loan Type: Acquisition Loan
• Loan Terms: 90% Loan To Purchase Price. Closed in 10 Days. Senior + Mezzanine Financing
• Lender: Castellan Capital
• Landlord: Steve Ostad
• Brokers: Matt Swerdlow & Matt Dzbanek - Ariel Property Advisors

The loan for this transaction was provided by Castellan Capital. The landlord involved in the deal is Steve Ostad. Representing the buyer and seller in the transaction were Matt Swerdlow and Matt Dzbanek from Ariel Property Advisors. It is worth noting that Matt Swerdlow was recently recognized as one of Commercial Observer's 2021 Top Young Professionals in CRE Finance. This deal was negotiated during the winter of 2020, prior to the rollout of the COVID-19 vaccine.