The Capital Services Group for Ariel Property Advisors (Ariel) recently arranged a $5.5 million cash out refinance loan for Guadalupe Plaza, a 87,000-square-foot grocery-anchored shopping center in Albuquerque, NM. Terms of the 15-year refinancing included one year of interest only and 30-year amortization at 75% LTV with no prepayment penalty.
A team led by Senior Directors Matt Swerdlow and Matthew Dzbanek, along with Associate Rhea Vivek, arranged the financing on behalf of a New Jersey-based investor. The opportunity was presented to over 60 lenders before landing on the winning quote from a sample of 12 highly vetted term sheets.
“This well-located retail property was first acquired in the summer of 2023 in an all-cash transaction and refinanced within the same year,” Swerdlow said. “Lenders always regard grocery anchors as preeminent tenants and, therefore, look favorably on these types of assets. The lender for Guadalupe Plaza was a top five depository institution in New Mexico that is also headquartered in Albuquerque, which illustrates the stronghold that regional banks have in their local commercial real estate markets.”
About Ariel Property Advisors
Ariel Property Advisors is a New York City-based commercial real estate services and advisory company with three main groups: Investment Sales, Capital Services and Research. The Investment Sales Group covers all major commercial asset types throughout the NY metropolitan area, while the Capital Services Group provides clients nationwide with custom tailored financing. Finally, our Research team empowers our professionals and clients with timely market reports. More information is available at arielpa.nyc.
