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New York & Tri-State  + Uptown/Bronx  + Finance  | 

Morgan Stanley Provides Debt on Bronx MF Portfolio

Black Bear Capital Partners (BBCP) recently arranged $63.8 million in permanent financing on behalf of Finkelstein Timberger East Real Estate (FTERE) to refinance an eight-property multifamily portfolio in the Bronx. The loans were provided by Morgan Stanley.

BBCP’s Bryan Manz, Rob Serra, Emil DePasquale and Brandon arranged the financing packages. The debt features a fixed rate of 4.00% and 10 years of full-term, interest-only payments, along with an earn-out facility.

The eight multifamily properties, totaling 429 units, are located at: 271 E 197th St.; 686 Rosewood Ave.; 2505 Olinville Ave.; 3215 Holland Ave.; 1475 Sheridan Ave.; 2305 University Ave.; 2315 Walton Ave.; and 2515 Olinville Ave.

The permanent financing follows several additional refinancing packages totaling nearly $300 million that BBCP recently arranged on behalf of FTERE throughout the Bronx.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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