KLF Corp Acquires Multifamily Property In Lower East Side With $4.5M Loan From Morgan Stanley | 52 Ludlow Street | Morgan Stanley | Phil Bowman, Bryan Manz | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

1,760 sqft

Located at 52 Ludlow Street in the Lower East Side, this multifamily property was recently involved in a transaction. The property is owned by KLF Corp and managed by Michael Fung.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $4,500,000
Loan Lender: Morgan Stanley
Landlord: KLF Corp - Michael Fung
Brokers: Bryan Manz & Phil Bowman @BlackBearCapitalPartners

The loan for this transaction was provided by Morgan Stanley. It was a fixed rate loan with an interest rate of 3.33%. The loan term is ten years with full-term, interest-only payments.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Phil Bowman

Associate

$15.5M Sold

Details

Deal Summary

FINANCED

IMAGE: Phil Bowman DATE: 02/23/2021 ADDRESS: 52 Ludlow Street MARKET: Lower East Side ASSET TYPE: Multifamily LENDER: Morgan Stanley LANDLORD: KLF Corp - Michael Fung BROKERS: Bryan Manz & Phil Bowman @BlackBearCapitalPartners LOAN AMOUNT: $4,500,000 TERMS: Fixed rate of 3.33% and ten years of full-term, interest-only payments.

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Address52 Ludlow Street

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