Laub Realty Secures $19.26M Loan For Sullivan Parke Apartment Complex In Forks Township

The Sullivan Parke Apartment Complex in Forks Township, PA has recently undergone a loan transaction. The complex consists of four buildings located at 2280, 2250, 2265, and 2295 Lafayette Park Drive, and offers a total of 102 multifamily units. Laub Realty is the landlord of the property.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $19,260,000
• Loan Terms: The loan amount for the Sullivan Parke Apartment Complex is divided among the four buildings: Building 1 - $4,200,000, Building 2 - $4,200,000, Building 3 - $5,460,000, and Building 4 - $5,400,000.
• Market: Forks Township, PA

The loan for the Sullivan Parke Apartment Complex was facilitated by Bryan Manz, Emil DePasquale, Brandon Harris, and George Pektor of Black Bear Capital Partners. They represented the landlord, Laub Realty, in the transaction.