Press Release
Mortgage Equicap arranges $10 million of 5 and 10-year fixed rate loans between 3.85% and 4.75% for several apartment buildings in Brooklyn and Queens, NY
NEW YORK, NY - July 1, 2010 - Daniel Hilpert, managing director of Mortgage Equicap, announced that the company has arranged $10 million of 5 and 10-year fixed rate loans with interest rates ranging from 3.85% to 4.75% for rent controlled and stabilized apartment buildings in Brooklyn and Queens, NY.
"Borrowers who are not overleveraged have a unique opportunity to take advantage of historically low interest rates. We see tremendous demand for 10-year fixed rate multi-family loans and floating rate net lease transactions", said Mr. Hilpert.
