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Black Bear Capital Partners (“BBCP”) is pleased to announce the closing of a $14,000,000 refinancing on development land for a 195‑unit multifamily project in Guttenberg, NJ

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FINANCED
$14,000,000

New Jersey

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Development Site
Financed
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FINANCED

Black Bear Capital Partners (“BBCP”) is pleased to announce the closing of a $14,000,000 refinancing on development land for a 195‑unit multifamily project in Guttenberg, NJ

7000 Adams Street

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Development Site
Financed
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Development Site
Transaction Type:Loan

The property asset involved is a development site located at 7000 Adams Street in Guttenberg, New Jersey. The financing for this site was secured through a refinancing process amounting to $14,000,000 for the development of a 195-unit multifamily property.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $14,000,000
  • Loan Type: Refinance
  • Loan Terms: 12-month initial term with one 12-month extension option
  • Closing Loan-to-Value (LTV): 87%
  • Capital Market Advisor: Emil DePasquale - Black Bear Capital Partners

The refinancing was structured to deliver competitive pricing and enhanced flexibility for a longstanding client of Black Bear Capital Partners, as represented by Emil DePasquale.

Players

Emil DePasquale
Black Bear Capital Partners
Emil DePasquale
86 deals$2.1B volume
BROKER

Details

FINANCED
IMAGE: Emil DePasquale DATE: 3/11/2026 ADDRESS: 7000 Adams Street MARKET: Guttenberg, NJ ASSET TYPE: Development Site CAPITAL MARKET ADVISOR: Emil DePasquale - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $14,000,000 LOAN TYPE: Refinance LOAN TERMS: Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a $14,000,000 refinancing of a land loan for the development of a 195-unit multifamily property located at 7000 Adams Street in Guttenberg, New Jersey. The financing was structured with a 12-month initial term and one 12-month extension option and closed at 87% loan-to-value (LTV), delivering competitive pricing and enhanced flexibility for a longstanding client.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,000,000.00

Monthly NOI$93,333.33
Monthly Debt Service$88,489.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00