The asset involved in this transaction includes multiple residential developments located at 6207 Madison Street, 416 69th Street, and 6810 Polk Street, situated within the West New York and Guttenberg, New Jersey market. The properties comprise a total of 166 multifamily units, and the loan amount secured for this transaction is $1,750,000. The financing is structured as a working capital facility with a term of 15 months featuring a fixed interest rate and full-term interest-only payments.

Key individuals involved in this transaction include Emil DePasquale and Bryan Manz, both representing Black Bear Capital Partners as Capital Market Advisors for the financing arrangement. Their role was crucial in facilitating the working capital facility for the residential developments within the identified market area.