Ariel Property Advisors closes $10.5 million cash out refinance – Robert Khodadadian
Brooklyn, NY Ariel Property Advisors has arranged a $10.5 million cash out refinance for a 41,500 s/f, 116-unit industrial property in the Greenpoint neighborhood. The five-year, non-recourse loan featured a fixed rate of 5.15% with one year of interest-only payments.
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Robert Khodadadian has long had a simple philosophy about selling real estate.The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.