Massey Knakal Realty Services is pleased to announce that Morris Betesh, Director – Capital Services, has been named Agent of the Year within the Capital Services division for the second year in a row.
Since joining the firm in 2012, Morris has closed over $200 million in loans. While his neighborhood focus is Midtown East, Morris has closed loans throughout the boroughs and New Jersey as well as select assignments in Boston and Miami. This past year, Morris closed a $15,000,000 loan for the acquisition of 246 5th Avenue; a vacant office and retail property. Morris was able to creatively structure a non-recourse 10-year loan with three years of interest-only and 75% LTV. This was a notable transaction because non-recourse permanent financing for vacant properties is extremely rare in today’s lending climate.
“I am not surprised that Morris won this award for the second year running, as it is based on production, and Morris is clearly our most productive agent,” said Garrett Thelander, Executive Managing Director. “Morris continues to excel in building new relationships by providing a very high level of service to each of his clients which generates repeat business,” states Garrett Thelander, who went on to say that the transaction cited above “demonstrated Morris’ ability to find the right lender for a particular situation.”
Prior to Massey Knakal, Morris was as a Manager for a portfolio of properties located in Midtown Manhattan. Morris was principally responsible for leasing and managing the finances of the properties at the corporate level. While working on multiple mortgage refinancings, Morris was also involved in the successful restructuring of this portfolio.
Morris attended Brooklyn College where he received his Bachelor of Science degree in Business Management and Finance. He was honored with the Brooklyn College Presidential Scholarship, and made the Dean’s List and Honor Roll.
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