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FTERE lands Refi for Bronx portfolio

2 Minerva Place (Credit: Google Maps)

Finkelstein Timberger East Real Estate (AKA FTERE) has secured a $50.4 million loan from Morgan Stanley to refinance a portfolio of five rental properties in the Bronx, CO reported. The elevator buildings span a total of 377,850 square feet, and consist of 357 apartments, plus nine commercial units. 

Financing details: The 10-year, interest-only loan carries a fixed rate of 3.78 percent. 

Property Addresses: 2 Minerva Place; 901 Walton Avenue; 984 Sheridan Avenue; 1460 Macombs Road; and 4040 Bronx Boulevard.

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