Massey Knakal Capital Services Closes $5.0 Million Loan In Williamsburg
Massey Knakal Capital Services is pleased to announce the closing of four loans totaling $5.0 million collateralized by five buildings consisting of 42 units in Brooklyn’s Williamsburg neighborhood. The loans featured a 7-year fixed-rate at 3.75%.
"We structured four separate loans to give the client maximum flexibility to dispose of individual properties during the loan term,” said Massey Knakal’s Roger Kapsalis, who exclusively handled this transaction. “In addition, we provided a cash-out refinance that was tax efficient to the Borrower,” added Mr. Kapsalis.
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.