Black Bear Capital Partners (“BBCP”) Arranges $17.46M Construction Loan for Multifamily Development in Bayonne

A construction loan was arranged for a 65-unit multifamily development located at 111 Avenue F in Bayonne, New Jersey, with a loan amount of $17,460,000. The loan is structured as a 30-month floating-rate priced at Prime-0.25%, resulting in an effective rate of 6.75%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,460,000
• Loan Type: Construction
• Loan Terms: 30-Month floating-rate at Prime-0.25%
• Effective Rate: 6.75%
• Units: 65
• Address: 111 Avenue F
• Market: Bayonne, NJ
• Capital Markets Advisor: Emil DePasquale - Black Bear Capital Partners

Emil DePasquale from Black Bear Capital Partners acted as the capital markets advisor for this transaction, successfully facilitating the construction loan for the multifamily development project.