Massey Knakal Capital Services Closes A $13.2 Million Loan In Virginia
Massey Knakal Capital Services is pleased to announce the closing of a $13.2 million loan collateralized by a student housing building in Radford, Virginia. The CMBS loan closed at 4.43% for 10 years.
“This transaction was difficult due to the significant value-add created by the borrowers in such a short time frame. Not all lenders could grasp that aspect,” said Director Justin Boruchov, who exclusively handled this transaction.
Massey Knakal Capital Services provides unparalleled market knowledge that delivers the most creative financing strategies to meet its client needs.MKCS specializes in a variety of debt and equity based real estate financing including fixed/floating rate loans, constructions loans, mezzanine loans, bridge loans, preferred equity, and joint-venture equity.