Black Bear Capital Partners ("BBCP") Secures $1.3M Refinance for Guttenberg, NJ Land Asset

The transaction involves a land asset located at 416-422 69th Street in Guttenberg, NJ. The total loan amount secured for this property is $1,300,000. This is a refinance loan structured as a two-year floating-rate term with an interest rate of 8.25%. The loan features full-term interest-only payments and is issued at a 50% loan-to-value (LTV) ratio.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $1,300,000
• Lender: DR Bank
• Landlord: Black Bear Asset Management
• Broker: Emil DePasquale - Black Bear Capital Partners
• Loan Type: Refinance
• Loan Terms: Two-year floating-rate term loan with 8.25% interest rate, full-term interest-only payments, at 50% LTV

This transaction highlights the involvement of Emil DePasquale representing Black Bear Capital Partners in the processing of the refinance for Black Bear Asset Management, showcasing the company's strategic financial maneuvers in managing their land asset investment.