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$43M CMBS Goes to Long Island Office Portfolio - Connect CRE
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$43M CMBS Goes to Long Island Office Portfolio - Connect CRE
Black Bear Capital Partners (BBCP), a real estate financial advisory firm and subsidiary of Black Bear Asset Management, arranged $42.5 million in financing on behalf of The Crest Group to refinance the 400,000-square-foot Crossroads Office Portfolio in Hauppauge and Islandia, NY. Bryan Manz and Emil DePasquale of BBCP arranged the financing package. Morgan Stanley has extended a 10-year CMBS facility at 55% LTV to The Crest Group. The financing…
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