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416-422 69th St, Guttenberg

Updated Nov 9, 2026

FINANCEDMultiFamily

Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a construction loan for a 50-unit luxury residential development in Guttenberg, NJ

416-422 69th St, Guttenberg

$12,600,000

Units

50

Asset Type

MultiFamily

Closing

Nov 4, 2026

About this deal

AI

The property involved is a 50-unit multi-family residential development located at 416-422 69th St & Guttenberg in Guttenberg, NJ. The development is financed through a construction loan amounting to $12,600,000 with a term of 36 months, featuring a floating interest rate and full-term interest-only payments.

Summary of transaction details:

Property Type: MultiFamily
Transaction Amount: $12,600,000
Lender: Peoples Security Bank & Trust
Borrower: Black Bear Asset Management & Echevarria Industries
Capital Market Advisors: Bryan Manz & Emil DePasquale - Black Bear Capital Partners
Market: Guttenberg, NJ
Units: 50
Loan Type: Construction
Loan Terms: 36-month term, floating interest rate, full-term interest-only payments

The successful closing of the construction loan was facilitated by Black Bear Capital Partners, with Bryan Manz and Emil DePasquale serving as the capital market advisors for the transaction. Their representation indicates the strategic effort in securing the necessary financing for the development project.