Morgan Stanley Provides $142.6M Loan For 995-unit Multifamily Portfolio In The Bronx, NY

A $142,600,000 loan was recently closed in Concourse Village, Mt. Hope, Tremont, Fordham, Norwood, Kingsbridge Heights, Bedford Park, Highbridge, Longwood, Jerome Park, Bronx. The loan was provided by Morgan Stanley.

Summary of Transaction Details

• Asset Type: Multifamily
• Loan Amount: $142,600,000
• Loan Terms: 10 year loan - fixed interest rate of 3.78% and 10 years of interest only payments
• Buildings: 18
• Units: 995 units (966 residential units, 29 commercial units)

The loan was arranged by Bryan Manz, Rob Serra, and Emil DePasquale from Black Bear Capital Partners.

Black Bear Capital Partners, a subsidiary of Black Bear Asset Management, is a real estate financial advisory firm that arranges structured debt and equity for all asset classes in markets throughout the United States. Their principals have successfully originated and closed more than $28 Billion in commercial real estate financing nationwide.