FINANCEDDevelopment Site
Black Bear Capital Partners ("BBCP") has successfully arranged $4.26M Loan For Stony Brook Development Site
1266 North Country Road
$4,260,000
Building Size
—
Asset Type
Development Site
Closing
Dec 1, 2025
AI
A loan has been arranged for a 12.97-acre development site located at 1266 North Country Road in Stony Brook, NY. The property's current market is Stony Brook, and it is owned by Stony Brook Meadows.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,260,000
- Loan Type: Refinance
- Loan Terms: 24-month initial term, full term interest only, capitalized interest reserve, attractive fixed rate, flexible prepay
- Capital Markets Advisor: Brandon Harris - Black Bear Capital Partners
Brandon Harris from Black Bear Capital Partners played a key role in successfully arranging this financing for the development site.
Players
Stony Brook Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.72%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93