Morgan Stanley Loans $142.6M To Refinance Bronx Properties

Law360 (January 21, 2020, 4:17 PM EST) -- Morgan Stanley will provide $142.6 million in financing to real estate agency The Morgan Group to refinance a New York residential portfolio, according to a Tuesday announcement by Black Bear Capital Partners, which arranged the deal.

The portfolio consists of 18 multifamily properties in the Bronx, New York, the announcement said. The $142.6 million in financing includes three loans: one for $77 million, one for $33.3 million and another for $32.3 million, the announcement said.

The Morgan Group is a Connecticut-based real estate agency with properties in the Bronx, Manhattan, Queens, Brooklyn, and Westchester County, New York, according to its website....

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