Black Bear Capital Partners ("BBCP") has successfully obtained a refinance loan amounting to $38.03 million for a multifamily property portfolio located in Morton, IL, through Ethos Design Build.

The asset involved in this transaction is a multifamily property portfolio consisting of 236 units, located at 1950 South Second Avenue, 651 Harding Road, and 661 Harding Road in Morton, IL. The refinancing loan amount is $38,025,000, structured as a five-year fixed-rate loan with a three-year interest-only period, followed by a 30-year amortization at 65% loan-to-value (LTV).

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $38,025,000
• Lender: PGIM
• Landlord: Ethos Design Build
• Capital Markets Advisors: Matthew Stearns, Zach Lutwak-Fitzgerald & Michael Bernstein - Black Bear Capital Partners
• Loan Type: Refinance
• Units: 236
• Market: Morton, IL
• Addresses: 1950 South Second Avenue, 651 Harding Road & 661 Harding Road
• Loan Terms: Five (5)-year fixed-rate with three (3)-year interest-only period followed by 30-year amortization
• Loan-to-Value (LTV): 65%

The key individuals and companies involved in this transaction include the landlords, Ethos Design Build, and the capital markets advisors from Black Bear Capital Partners, Matthew Stearns, Zach Lutwak-Fitzgerald, and Michael Bernstein. They played an essential role in facilitating the refinancing of this multifamily portfolio.