Black Bear Asset Management Provides $5.46M Bridge Loan For Multifamily Property In Easton, PA

The multifamily property located at 2280-2250 Lafayette Park Drive in Easton, PA has recently undergone a closed transaction. The property consists of building 3 within the Sullivan Parke complex, encompassing a total of 24 units. The transaction involved a bridge loan provided by Black Bear Asset Management to the landlord, Laub Realty, for the amount of $5,460,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,460,000
• Address: 2280-2250 Lafayette Park Drive, Easton, PA
• Market: Easton, PA
• Lender: Black Bear Asset Management
• Landlord: Laub Realty
• Brokers: Bryan Manz, Emil DePasquale & George Pektor - Black Bear Capital Partners
• Loan Type: Bridge
• Loan Terms: Bridge financing for building 3, spanning 24 units, of Sullivan Parke

During the transaction, Bryan Manz, Emil DePasquale, and George Pektor from Black Bear Capital Partners represented Laub Realty as their brokers. This bridge loan provided the necessary financing for the acquisition and management of building 3 in the Sullivan Parke complex.