Laub Realty Secures $11M Loan For Willow Street Multifamily Property

A multifamily property located at 26 Utley Place in Willow Street, PA was involved in a recent closed transaction. The property consists of 72 units and was the asset type in this deal. The transaction took place on 04/20/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,000,000
• Loan Amount: $11,000,000
• Loan Terms: 3.74 percent fixed interest rate and 10 years of interest-only payments
• Lender: Morgan Stanley
• Landlord: Laub Realty

Emil DePasquale, Brandon Harris, and Phil Bowman from Black Bear Capital Partners represented the buyers in this transaction. They served as the brokers for the deal.

This transaction involved a loan with Morgan Stanleyas the lender. The loan amount was $11,000,000 and the terms included a fixed interest rate of 3.74 percent with 10 years of interest-only payments. The buyers of the property were represented by Emil DePasquale, Brandon Harris, and Phil Bowman from Black Bear Capital Partners.