Massey Knakal Capital Services Closes A $25.0 Million Loan In The Financial District
Massey Knakal Capital Services is pleased to announce the closing of a $25.0 million non-recourse land loan collateralized by two properties at 23 and 31 Park Row in Manhattan’s Financial District. The loan was exclusively arranged by Scott Aiese.
"We executed on our client’s objectives to obtain low cost, flexible debt capital that would allow the partnership to prepay the loan whenever the properties were ready for vertical development, while providing the partnership with three years of term to more carefully design its final development plan,” said Scott Aiese.
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, construction loans, mezzanine loans, bridge loans, preferred equity, and joint-venture equity.