Black Bear Capital Partners ("BBCP") has arranged a $14.8 million loan for Echevarria Industries Inc. to support multifamily properties in West New York and Guttenberg.

The asset involved in this transaction involves two multifamily properties located at 6207 Madison Street and 7000 Adams Street, situated in the markets of West New York and Guttenberg, NJ. The properties collectively comprise a total of 275 units. The loan amount secured for this transaction is $14,800,000 and it is a recapitalization structured with an 18-month fixed-rate loan featuring full-term interest-only payments at 85% loan-to-cost and 75% loan-to-value ratios.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,800,000
• Lender: BBAM/Carlton Associates, Inc. - Jack D. Cohen Joint Venture
• Landlord: Echevarria Industries Inc.
• Units: 275
• Loan Type: Recapitalization
• Loan Terms: Preferred Equity Investment secured by Pledge of Sponsor interests in two (2) multifamily assets
• Brokers: Bryan Manz & Emil DePasquale - Black Bear Capital Partners

Key individuals involved in this deal include the lender represented by the joint venture of BBAM/Carlton Associates, Inc. and Jack D. Cohen. The landlord for these properties is Echevarria Industries Inc. The brokers facilitating the transaction are Bryan Manz and Emil DePasquale from Black Bear Capital Partners.