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

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.