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Black Bear Asset Management Borrows $53.9M For MultiFamily In Bronx From Morgan Stanley

Property Image
FINANCED
$53,900,000

New York

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MultiFamily
Financed 03/09/2020
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Property Image
FINANCED

Black Bear Asset Management Borrows $53.9M For MultiFamily In Bronx From Morgan Stanley

3041 Holland Ave, New York, NY, 10467

See Similar Deals
MultiFamily
Financed 03/09/2020
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The property transaction at 3041 Holland Ave, New York, NY, 10467 in Bronx involved a MultiFamily asset. The loan amount secured for this property was $53,900,000.00. The borrower's representative for this deal was Robert (Rob) Serra from Black Bear Asset Management, who also acted as one of the brokers. The lender in this transaction was Morgan Stanley.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $53,900,000.00
  • Address: 3041 Holland Ave, New York, NY, 10467
  • Market: Bronx
  • Borrower's Representative: Robert (Rob) Serra (Black Bear Asset Management)
  • Broker: Robert (Rob) Serra (Black Bear Asset Management)
  • Lender: Morgan Stanley

Robert (Rob) Serra, representing Black Bear Asset Management, not only served as the borrower's representative but also acted as one of the brokers in this transaction. The involvement of Morgan Stanley as the lender further highlights the key players in this significant deal.

Players

Robert (Rob) Serra
Black Bear Capital Partners
Robert Serra
14 deals$662.3M volume
BROKER
Morgan Stanley
Morgan Stanley
LENDER

Details

FINANCED
IMAGE: 03/09/2020 ADDRESS: 3041 Holland Ave, New York, NY, 10467 MARKET: Bronx ASSET TYPE: MultiFamily BORROWER'S REP: Robert (Rob) Serra(Black Bear Asset Management) BROKERS: Robert (Rob) Serra(Black Bear Asset Management) LENDER: Morgan Stanley LOAN AMOUNT: $53,900,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$53,900,000.00

Monthly NOI$359,333.33
Monthly Debt Service$340,684.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00