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

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.