Black Bear Capital Partners Arranges $5.4M Refinance Loan For Multifamily In Forks Township, PA

A 30-unit multifamily property located at 2295 Lafayette Park Drive in Forks Township, PA has undergone a refinancing transaction. The property, known as the Sullivan Parke apartment complex, was refinanced with the help of a 10-year, fixed-rate loan provided by Morgan Stanley. The loan amount for this refinance was $5,400,000. The terms of the loan stipulated an interest-only payment structure for the entire duration of the loan.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,400,000
• Address: 2295 Lafayette Park Drive
• Market: Forks Township, PA
• Asset Type: Multifamily

In this transaction, the property's landlord is a joint partnership between Ashley Development Corporation and Black Bear Asset Management. The brokerage services were provided by Bryan Manz, Emil DePasquale, and George Pektor of Black Bear Capital Partners. The loan, provided by Morgan Stanley, allowed for the refinancing of the Sullivan Parke apartment complex, offering favorable terms with a fixed-rate and interest-only payment structure.