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2265 Lafayette Park Drive

Laub Realty Refinances Multifamily Property In Forks Township PA With $5.46M Loan From Morgan Stanley
FINANCEDMultiFamily

Laub Realty Refinances Multifamily Property In Forks Township PA With $5.46M Loan From Morgan Stanley

2265 Lafayette Park Drive

$5,460,000

Building Size

Asset Type

MultiFamily

Closing

Oct 25, 2023

AI

The Sullivan Parke apartment complex, located at 2265 Lafayette Park Drive in Forks Township, PA, was recently involved in a refinancing transaction. The multifamily property consists of 24 units, offering a diverse range of housing options to residents. The loan amount for this transaction was $5,460,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,460,000
  • Loan Type: Refinance
  • Loan Terms: The financing of the Sullivan Parke apartment complex was achieved through a non-recourse 10-year, fixed-rate loan. The loan features full term interest-only payments.

Morgan Stanley served as the lender for this refinancing deal, providing the necessary funds to Laub Realty, the landlord of the property. Bryan Manz, Brandon Harris, and George Pektor from Black Bear Capital Partners acted as the brokers representing the parties involved in this transaction.

Players

Bryan Manz

Black Bear Capital Partners

Broker

$1.6B

vol

63 deals

Broker
Morgan Stanley
Morgan Stanley Lender
Laub Realty
Laub RealtyLandlord

Bethlehem MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.91%

Cash-on-Cash

-0.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93