Morgan Stanley Provides $96 Million Refinance Loan To The Altmark Group For Bronx Multifamily Property

The property asset involved in this transaction is a multifamily building located at 2455-2457 Third Avenue in the Bronx market. The landlord for this property is The Altmark Group, and the loan amount secured is $96,000,000, categorized under refinance with a fixed interest rate of 5.54% for 5 years and a full-term interest-only structure.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $96,000,000
• Lender: Morgan Stanley
• Landlord: The Altmark Group
• Landlord's Representative: Brad Domenico, Frank Stanislaski, Jack Subers & Gideon Gil - Cushman & Wakefield
• Loan Type: Refinance
• Loan Terms: 5.54% Interest Rate Fixed For 5 Years | Full Term IO

The deal involves key players in the finance and real estate sectors, notably the lender Morgan Stanley, which facilitated the refinance. The landlord's representatives from Cushman & Wakefield, including Brad Domenico, Frank Stanislaski, Jack Subers, and Gideon Gil, played a critical role in managing the transaction and the associated negotiations.