The asset involved in the transaction is a multifamily property located in Guttenberg, NJ. This property is part of a construction loan transaction with a total loan amount of $9,800,000, structured over three years with interest-only payments for the first twelve months and a 30-year amortization schedule.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,800,000
• Lender: Peoples Security
• Landlord: Echevarria Industries
• Loan Type: Construction
• Loan Terms: 3-year fixed-rate structure with 12 months of interest-only payments and a 30-year amortization schedule
• Brokers: Emil DePasquale & William McGovern - Black Bear Capital Partners

The deal features Emil DePasquale and William McGovern representing Black Bear Capital Partners as brokers in the transaction. Their involvement provides insights into the brokerage dynamics within the multifamily financing landscape.