Massey Knakal Capital Services Closes A $9.8 Million Loan In Brooklyn
Massey Knakal Capital Services is pleased to announce the closing of a $9.8 million loan collateralized by seven multifamily properties located in Brooklyn’s Boerum Hill, Brooklyn Heights, Carroll Gardens, and Park Slope neighborhoods. The loan featured a 5-year fixed rate at 3.25%.
"Given the significant rise in real estate values that Brooklyn has experienced recently, we were able to secure a significant cash-out refinance for our client, despite the fact she closed on her previous loan only two years ago,” said Massey Knakal’s Roger Kapsalis, who exclusively handled this transaction. “We structured a new mortgage to take advantage of today’s low interest rates and utilized the appeal of this clean multifamily portfolio to the local lender community to secure maximum proceeds,” added 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.