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Massey Knakal Capital Services is pleased to announce the closing of a $13,500,000 million cash-out refinancing, collateralized by a 201-unit garden style apartment complex in southern New Jersey.  The loan featured a 7-year term with a fixed-rate at 3.50%, and one year I/O.

"Close management of the financing process enabled us to deliver a seamless transaction, with substantial cash-out, and a material reduction in debt service. The borrowers were very happy,” said Massey Knakal’s Preston Flammang, who exclusively handled this transaction.

Click here for press release

Neighborhoods: Other/ Agents: Preston Flammang