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.
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Neighborhoods: Financial District