Updated Sep 25, 2026
FINANCEDMultiFamily
Black Bear Capital Partners (“BBCP”) is pleased to announce the successful $8.2 million financing of a 31-unit multifamily development located at in Guttenberg, NJ.
75-77 71st Street
$8,200,000
Units
31
Asset Type
MultiFamily
Closing
Sep 10, 2026
About this deal
AI
The property involved in this transaction is a 31-unit multifamily development located at 75-77 71st Street in Guttenberg, New Jersey. The loan for this asset amounts to $8,200,000 and is structured as a two-year construction facility featuring full-term interest-only payments and a competitive interest rate to facilitate the successful completion and stabilization of the project.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,200,000
- Market: Guttenberg, NJ
- Lender: S3 Capital
- Borrower: Demetrios Kaltsis & Pharoah Lozano
- Capital Market Advisor: Emil DePasquale - Black Bear Capital Partners
- Loan Type: Construction
- Loan Terms: Two-year construction facility with interest-only payments
Key individuals in this transaction include Demetrios Kaltsis and Pharoah Lozano as borrowers, with Emil DePasquale representing Black Bear Capital Partners as the capital market advisor. The financing arrangement was strategically structured to offer flexible terms essential for the project's progress.
On the Map
$8,200,000
MultiFamily
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Players
Guttenberg MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93