Morgan Stanley Provides $19.5M Loan For Lower East Side Multifamily Property

A multifamily property located at 72, 74, and 104 Forsyth Street in the Lower East Side neighborhood has recently been involved in a loan transaction. This property encompasses approximately 33,000 square feet and consists of 65 units, including 56 residential units and 9 retail units. The loan amount for this transaction was $19,500,000 with a fixed interest rate of 3.60% for a 10-year term, with interest-only payments.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $19,500,000
• Loan Terms: 3.60% (10-year, fixed-rate, interest-only loan)
• Square Footage: 33,000 (Approx.)
• Units: 65 (56 residential, 9 retail)
• Address: 72, 74, & 104 Forsyth Street, Lower East Side

The loan for this transaction was provided by Morgan Stanley, a notable lender in the industry. The brokers involved in this deal were Bryan Manz, Rob Serra, Phil Bowman, and Brandon Harris from Black Bear Capital Partners, who represented the parties in the transaction.