Updated May 12, 2026
FINANCEDMultiFamily
Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a $9,100,000 fixed-rate loan, five-year term to refinance an 81-unit multifamily property located in Morristown, NJ
185 Speedwell Avenue
$9,100,000
Units
81
Asset Type
MultiFamily
Closing
Apr 23, 2026
About this deal
AI
No summary available.
Morristown 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
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93