Morgan Stanley Provides $15.5M Loan For Multifamily Properties In Wakefield & Mt. Hope Neighborhoods

The Wakefield & Mt. Hope Neighborhoods in Bronx have seen a recent transaction in the multifamily asset sector. The property involved consists of 2 properties and a total of 118 units.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $15,500,000
• Loan Amount: $15,500,000 with a 3.55% interest rate
• Loan Terms: 10-year, fixed-rate, interest-only loan
• Lender: Morgan Stanley
• Landlord: The Morgan Group
• Brokers: Bryan Manz, Rob Serra, Phil Bowman, Brandon Harris from BlackBearCapitalPartners

The deal was facilitated by brokers Bryan Manz, Rob Serra, Phil Bowman, and Brandon Harris from BlackBearCapitalPartners. The loan for the transaction was provided by Morgan Stanley and has a 10-year term with a fixed interest rate of 3.55% on an interest-only basis. The transaction involves two properties located in the Wakefield & Mt. Hope Neighborhoods of Bronx, totaling 118 units.