Morgan Stanley Provides $11.8M Loan For West Village Multifamily Property

A multifamily property located at 10 Charles Street and 35 Perry Street in the West Village has recently undergone a closed transaction. The property, owned by Joe Ienco, secured a loan of $11,800,000 from Morgan Stanley. The loan terms are set for 10 years with full term interest only. Matthew Shatz of B6 Real Estate Advisors represented the transaction as the broker.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,800,000
• Loan Terms: 10 Years – Full Term Interest Only
• Lender: Morgan Stanley
• Landlord: Joe Ienco
• Broker: Matthew Shatz - B6 Real Estate Advisors

Matthew Shatz, the Director of Capital Advisory at B6 Real Estate Advisors, played a crucial role in facilitating this transaction. His expertise and representation ensured a successful deal for all parties involved.