Black Bear Capital Partners (“BBCP”) Arranges $12 Million Refinance Loan For Multifamily Property In Guttenberg

A refinance loan has been arranged for a 36-unit multifamily property located at 6810 Polk Street, Guttenberg, NJ 07093. The loan amount is $12,000,000 and was closed with a CMBS lender. The financing structure features a 10-year fixed-rate term with a full term interest-only payment option, closing at a 63% loan-to-value ratio which supports long-term stability and competitive pricing for the existing client.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Loan Type: Refinance
• Asset Address: 6810 Polk Street, Guttenberg, NJ 07093
• Units: 36
• Capital Markets Advisors: Bryan Manz & Emil DePasquale - Black Bear Capital Partners
• Loan Terms: 10-year fixed-rate with full term I/O
• Loan to Value Ratio: 63%

The refinance transaction was executed through the expertise of Bryan Manz and Emil DePasquale from Black Bear Capital Partners, who facilitated the deal, representing the refinancing interests of their client in the multifamily sector.