Morgan Stanley Provides $58M Refinance Loan For Mixed-Use Property In New York

The mixed-use property located at 503-511 Broadway in New York has undergone a refinancing transaction. The property encompasses approximately 141,164 square feet and consists of a five-story, class-A office building with ground-floor retail space. The transaction involved a loan provided by Morgan Stanley to HSR Corp., the landlord of the property. Bryan Manz, Emil DePasquale, and George Pektor from Black Bear Capital Partners represented the parties involved in the deal.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $58,000,000
• Loan Type: Refinance
• Loan Terms: The property was refinanced with a 5-year fixed-rate loan on a full-term interest-only basis.

The transaction was facilitated by Bryan Manz, Emil DePasquale, and George Pektor from Black Bear Capital Partners, who acted as brokers representing the parties involved in the deal. The refinancing allowed the landlord, HSR Corp., to secure favorable loan terms to support their ownership and management of the property.