Morgan Stanley Provides $142.6M Loan For 995-unit Multifamily Portfolio In The Bronx, NY | Black Bear Capital Partners Provides $142,600,000 For Concourse Village, Mt. Hope, Tremont, Fordham, Norwood, Kingsbridge Heights, Bedford Park, Highbridge, Longwood, Jerome Park, Bronx Multifamily | Morgan Stanley | Robert (Rob) Serra, Emil DePasquale, Bryan Manz | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

A $142,600,000 loan was recently closed in Concourse Village, Mt. Hope, Tremont, Fordham, Norwood, Kingsbridge Heights, Bedford Park, Highbridge, Longwood, Jerome Park, Bronx. The loan was provided by Morgan Stanley.

Summary of Transaction Details

Asset Type: Multifamily
Loan Amount: $142,600,000
Loan Terms: 10 year loan - fixed interest rate of 3.78% and 10 years of interest only payments
Buildings: 18
Units: 995 units (966 residential units, 29 commercial units)

The loan was arranged by Bryan Manz, Rob Serra, and Emil DePasquale from Black Bear Capital Partners.

Black Bear Capital Partners, a subsidiary of Black Bear Asset Management, is a real estate financial advisory firm that arranges structured debt and equity for all asset classes in markets throughout the United States. Their principals have successfully originated and closed more than $28 Billion in commercial real estate financing nationwide.

Players

All
6

Agents
3
Agencies
2
Lenders
1

Robert (Rob) Serra

Associate Director

$15.5M Sold

Emil DePasquale

Senior Managing Partner

$118.3M Sold

Details

Deal Summary

FINANCED

IMAGE: 12/11/2019 MARKET: Concourse Village, Mt. Hope, Tremont, Fordham, Norwood, Kingsbridge Heights, Bedford Park, Highbridge, Longwood, Jerome Park, Bronx ASSET TYPE: Multifamily LENDER: Morgan Stanley BROKERS: Bryan Manz, Rob Serra, Emil DePasquale @BlackBearCapitalPartners LOAN AMOUNT: $142,600,000 LOAN TERMS: 10 year loan - fixed interest rate of 3.78% and 10 years of interest only payments BUILDINGS: 18 UNITS: 995 units (966 residential units, 29 commercial units) NOTE: @BlackBearCapitalPartners, a subsidiary of Black Bear Asset Management, is a real estate financial advisory firm which arranges structured debt and equity for all asset classes in markets throughout the United States. BBCP principals have successfully originated and closed more than $28 Billion in commercial real estate financing nationwide.

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AddressBlack Bear Capital Partners Provides $142,600,000 For Concourse Village, Mt. Hope, Tremont, Fordham, Norwood, Kingsbridge Heights, Bedford Park, Highbridge, Longwood, Jerome Park, Bronx Multifamily

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