Morgan Stanley Provides $48 Million Refinance Loan For Office Property In Bloomfield

The asset involved in this transaction is an office space located at 1455 Broad Street, and 300 & 400 Broadacres Drive. The total square footage of the property is 397,940, situated in the Bloomfield market. The loan amount secured for this asset is $48,000,000, under a refinance loan type with a term of 5 years and full-term interest-only payments.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $48,000,000
• Lender: Morgan Stanley
• Loan Type: Refinance
• Loan Terms: 5 years, full-term I/O
• Landlord's Representative: Brad Domenico, Frank Stanislaski & Jack Subers - Cushman & Wakefield

The key individuals involved in this transaction include the representatives from Cushman & Wakefield, Brad Domenico, Frank Stanislaski, and Jack Subers, who facilitated the deal for the landlord. Morgan Stanley served as the lender, providing the financial backing for this refinance transaction.