NEW YORK CITY- Helmsley Spear, a1 866-founded real estate firmfounded has arranged a refinancing transaction for Kings Hotel,located at 2416 Atlantic Ave. in Brooklyn.
The loan was co-structured with Coronado Bay Capital with CrownBank-provided financing. The fixed-rate loan was arranged for $9.5million and the term of the loan is for 10 years with monthlypayments based on a twenty-five-year amortization schedule.
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