Updated Oct 1, 2026
FINANCEDMultiFamily
Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a $12.4M refinancing for multifamily property located in Ridgewood, NJ
174 Union Street
$12,400,000
Units
30
Asset Type
MultiFamily
Closing
Sep 11, 2026
About this deal
AI
The Schoolhouse is a 30-unit multifamily property located at 174 Union Street in Ridgewood, NJ. The property has recently undergone a refinance transaction that amounts to $12,400,000. The refinancing was structured as a two-year, floating-rate loan, which includes full term interest only, and is categorized under non-recourse financing.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $12,400,000
- Loan Type: Refinance
- Loan Terms: Two-year, floating-rate loan with full term interest only
- Capital Market Advisor: Brandon Harris
- Agency: Black Bear Capital Partners
- Market: Ridgewood, NJ
Brandon Harris from Black Bear Capital Partners served as the capital market advisor for this refinancing transaction, facilitating the successful structuring of the financing for The Schoolhouse property.
On the Map
$12,400,000
MultiFamily
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Ridgewood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93