Black Bear Capital Partners ("BBCP") has obtained a $2.87 million acquisition loan from RWC Lending for a multifamily property in Jacksonville.

The property asset involved in this transaction is a multifamily building located at 5201 Wesconnett Boulevard in Jacksonville, FL. The asset encompasses a total of 42,727 square feet and consists of 47 units. The transaction revolves around an acquisition loan amounting to $2,868,524, structured as a 5-year fixed-rate loan with a full term of interest-only payments at a loan-to-value ratio of 78%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,868,524
• Address: 5201 Wesconnett Boulevard
• Market: Jacksonville, FL
• Lender: RWC Lending
• Landlord: LS Properties
• Capital Market Advisors: Matthew Stearns, Zach Lutwak-Fitzgerald & Michael Bernstein - Black Bear Capital Partners
• Loan Terms: 5-year, fixed rate loan with full term IO at 78% LTV

The key individuals involved in the transaction include Matthew Stearns, Zach Lutwak-Fitzgerald, and Michael Bernstein, who represent Black Bear Capital Partners as the capital market advisors for the acquisition. Their roles were crucial in securing the financing from RWC Lending for the landlord, LS Properties, in the deal.