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2515 Olinville Ave, Bronx, ...

Updated Nov 27, 2024

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

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

2515 Olinville Ave, Bronx, NY, 10467

$63,800,000

Building Size

—

Asset Type

MultiFamily

Closing

Mar 19, 2020

About this deal

AI

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.

On the Map

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$63,800,000

MultiFamily

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Players

Robert Serra

Black Bear Capital Partners

Broker

$662.3M

vol

14 deals

Broker
Morgan Stanley
Morgan Stanley Lender
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Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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