Black Bear Capital Partners ("BBCP") is Please to Announces the Closing of a $1.248M Construction Loan in Seaside Heights
1505 West Central Avenue
$1,248,000
Building Size
—
Asset Type
Single Family Residence
Closing
Jan 21, 2026
AI
A construction loan has been secured for a single-family development located at 1505 Central Avenue in Seaside Heights, NJ 08751. The loan amount totals $1,248,000 and is structured with a 6-month term that is interest-only, with financing set at 90% loan-to-cost.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,248,000
- Loan Type: Construction
- Loan Terms: 6-month interest-only, 90% LTC
- Market: Seaside Heights
- Capital Markets Advisor: Emil DePasquale - Black Bear Capital Partners (BBCP)
The transaction involves Emil DePasquale from Black Bear Capital Partners (BBCP) facilitating the loan process for the development, ensuring the successful closing of financial support for the project.
Players
Seaside Heights Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.71%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93