Black Bear Asset Management Secures $63.8M Loan In Bronx With Lender Morgan Stanley

The property involved in the transaction is a MultiFamily asset located at 2515 Olinville Ave, Bronx, NY, 10467. The loan date was on 03/19/2020, with Black Bear Asset Management representing the borrower, Robert (Rob) Serra. The lender for the transaction was Morgan Stanley, providing a loan amount of $63,800,000.00 in the Bronx market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $63,800,000.00
• Address: 2515 Olinville Ave, Bronx, NY, 10467
• Market: Bronx
• Borrower's Rep: Robert (Rob) Serra(Black Bear Asset Management)
• Broker: Robert (Rob) Serra(Black Bear Asset Management)
• Lender: Morgan Stanley

Robert (Rob) Serra from Black Bear Asset Management served as both the borrower's representative and broker in this transaction, effectively managing the deal on behalf of their client. The involvement of Morgan Stanleyin providing the substantial loan amount highlights the importance of financial institutions in facilitating such real estate transactions.