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Black Bear Capital Partners ("BBCP") Arranges $5.4M Acquisition Financing for Waldorf Multifamily Asset

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FINANCED
$5,400,000

Maryland

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MultiFamily27,216 SF
Financed 08/14/2024
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Property Image
FINANCED

Black Bear Capital Partners ("BBCP") Arranges $5.4M Acquisition Financing for Waldorf Multifamily Asset

Crain Hwy

See Similar Deals
MultiFamily27,216 SF
Financed 08/14/2024
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Summary

MARYLAND
Asset Type:MultiFamily
Price Per Square Foot:$198
Total Square Footage:27,216 SF
Transaction Type:Loan

The property asset involved in the transaction is a multifamily building located at 2165-2169 Crain Highway in Waldorf, MD. The total square footage of the asset is 27,216, comprising 48 individual units. The property is part of the multifamily asset class and was financed with a loan amount of $5,400,000.

Summary of transaction details:

The key individuals involved in the transaction include Lloyd Grosklags representing Domaine, John McNamara associated with Palomar Management Group, and Eric Trombly from Black Bear Capital Partners who acted as the broker for the deal. Their roles were crucial in facilitating the acquisition process for the multifamily property.

Players

Eric Trombly
27 deals$617.2M volume
BROKER

Trevian Capital
LENDER

Details

FINANCED
IMAGE: John McNamara, Lloyd Grosklags & Eric Trombly DATE: 08/14/2024 ADDRESS: 2165-2169 Crain Highway MARKET: Waldorf, MD ASSET TYPE: Multifamily ~ SF: 27,216 ~ UNITS: 48 LENDER: Trevian Capital (@TrevianCapital) LANDLORD: Domaine - Lloyd Grosklags & Palomar Management Group - John McNamara BROKER: Eric Trombly (@Trombly17) - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $5,400,000 LOAN TYPE: Acquisition LOAN TERMS: 1-year floating rate loan with full term IO at 78% LTC

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,400,000.00

Monthly NOI$36,000.00
Monthly Debt Service$34,131.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00