Black Bear Capital Partners Arranges $43.8M Loan For Multifamily Portfolio In The Bronx
FINANCED
$43,800,000
New York
See Similar DealsMultiFamily1,200 SF
Financed 01/24/2020
FINANCED
Black Bear Capital Partners Arranges $43.8M Loan For Multifamily Portfolio In The Bronx
104 W 190th St, The Bronx, NY 10468, USA
See Similar DealsMultiFamily1,200 SF
Financed 01/24/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$36,500
Total Square Footage:1,200 SF
Transaction Type:Loan
The multifamily properties located at 104 W 190th Street, 1055 Grand Concourse, 1354 Commonwealth Avenue, 2085 Valentine Avenue, 2264 Creston Avenue, and 3425 Knox Place in Bronx have been involved in a recent closed transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $43,800,000
- Lender: Morgan Stanley
- Brokers: Bryan Manz, Rob Serra, & Emil DePasquale – Black Bear Capital Partners
- Loan Terms: 3.74%
- Units: 305 (300 residential, 5 commercial)
The deal involved the services of Bryan Manz, Rob Serra, and Emil DePasquale from Black Bear Capital Partners as the brokers representing the parties in the transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$43,800,000.00
Monthly NOI$292,000.00
Monthly Debt Service$276,845.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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