MASSEY KNAKAL ARRANGES $2.5 MILLION LOAN FOR BROOKLYN RETAIL ASSET

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NEW YORK CITY — Massey Knakal Capital Services has closed on a $2.5 million loan for an 8,000-square-foot retail property located on 86th Street in Brooklyn's Bensonhurst neighborhood. The 5-year, non-recourse loan carries a 4.7 percent interest rate. Morris Betesh of Massey Knakal Capital arranged the financing through an undisclosed lender.

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