MORTGAGE EQUICAP SECURES $13.5 MILLION APARTMENT LOAN IN BROOKLYN

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NEW YORK CITY — Mortgage Equicap has arranged $13.5 million in permanent financing for a Brooklyn apartment portfolio. The non-recourse loan carries a 5-year term, a 30-year amortization schedule, and a 4.5 percent fixed interest rate with interest-only payments for 2 years. The borrower and lender were not disclosed.

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