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

36 West 11th Street
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This Mixed-use property located in NY received a loan of $9,900,000 over 2 years ago. The brokers of the deal were Matt Dzbanek and Matt Swerdlow

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

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.

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Deals
  • Location
    36 West 11th Street, Manhattan, New York, NY, USA36 West 11th Street, Manhattan, New York, NY, USA
  • Loan Value
    $9,900,000$9,900,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Matt Swerdlow

Matt Swerdlow

Deals12
Financed$107.5M

Agency

Ariel Property Advisors

Ariel Property Advisors

Agency
Deals456
Volume$7B

Castellan Capital

Castellan Capital

Lender
Deals15
Volume$ 6.9B

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Deal Summary

LOAN IMAGE: Matt Swerdlow & Matt Dzbanek DATE: 10/08/2021 ADDRESS: 36 West 11th Street MARKET: Greenwich Village ASSET TYPE: Mixed-use ~ SF: 7,516 LENDER: @CastellanCapital LANDLORD: Steve Ostad BROKERS: Matt Swerdlow (@Matt.Swerdlow) & Matt Dzbanek - Ariel Property Advisors (@ArielPA.NYC) LOAN AMOUNT: $9,900,000 LOAN TYPE: Acquisition Loan LOAN TERMS: 90% Loan To Purchase Price. Closed in 10 Days. Senior + Mezzanine Financing NOTE FROM @ArielPA.NYC: Matt Swerdlow was just featured as one of Commercial Observer's 2021 Top Young Professionals in CRE Finance. Deal was negotiated in Winter 2020 before the vaccine was rolled out.

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36 West 11th Street

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