Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of $1,750,000 working capital facility for multiple residential developments in West New York and Guttenberg, New Jersey.

The property asset involved in this transaction comprises multiple residential developments located at 6207 Madison Street, 416 69th Street, and 6810 Polk Street in West New York and Guttenberg, New Jersey. These multifamily assets consist of 166 units and are part of a financing arrangement that totals $1,750,000. The loan structured for these assets is a working capital facility with a 15-month term, featuring a fixed interest rate and full-term interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,750,000
• Loan Type: Working capital facility
• Loan Terms: 15-month term, fixed interest rate, full-term interest only payments
• Market: West New York & Guttenberg, NJ
• Units: 166
• Lender: BBAM
• Landlord: BBAM & Bettina Equities
• Capital Market Advisors: Bryan Manz & Emil DePasquale - Black Bear Capital Partners

The financing deal highlights the involvement of BBAM and Bettina Equities as landlords, while Black Bear Capital Partners played a pivotal role in arranging the loan through their capital market advisors, Bryan Manz and Emil DePasquale. Their expertise facilitated the successful closing of the working capital facility for the residential developments in New Jersey.