Finkelstein Timberger East Real Estate Secures $63.8M Loan For Bronx Multifamily Properties

The multifamily properties located at 271 E 197th St, 686 Rosewood Ave, 2505 Olinville Ave, 3215 Holland Ave, 1475 Sheridan Ave, 2305 University Ave, 2315 Walton Ave, and 2515 Olinville Ave in Bronx have been involved in a recent closed transaction. The lender for this deal was Morgan Stanley, providing a loan amount of $63,800,000. The loan terms were set at 4.00% for a 10-year fixed-rate interest-only loan.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $63,800,000
• Lender: Morgan Stanley
• Landlord: Finkelstein Timberger East Real Estate

Finkelstein Timberger East Real Estate served as the landlord for this transaction. They represented the interests of the sellers or previous owners of the properties. The deal was facilitated by Morgan Stanley, who acted as the lender providing the substantial loan amount. This transaction involved a portfolio of eight multifamily properties in Bronx, reflecting the continued investment and activity in the market.