NEW YORK CITY-Finkelstein Timberger East RealEstate, a real estate ownerand management company that manages residential apartmentbuildings, has secured a$63.8 million loan from Morgan Stanely to refinance aneight-property multifamily portfolio in the Bronx.Black Bear Capital Partners, a realestate financial advisory firm, arranged the loan on behalf ofFinkelstein.
The loan has a fixed interestrate of 4 percent and ten years of full-term, interest-onlypayments. Comprised of 429 units, the eight multi-family propertiesare located at 271 E 197th St.,686 Rosewood Ave., 2505 Olinville Ave., 3215 Holland Ave., 1475Sheridan Ave., 2305 University Ave., 2315 Walton Ave. and 2515Olinville Ave.
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