Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a $6,300,000 refinance for two mixed-use properties located in Brooklyn, NY

The transaction involves two mixed-use properties located at 226 7th Avenue and 400 7th Avenue in Brooklyn, New York, comprising a total of 13,200 square feet. The properties include twelve residential units and four ground-floor commercial units. The refinance deal is valued at $6,300,000 and is structured as a 5+5-year fixed-rate facility with a 30-year amortization schedule, closing at a 65% loan-to-value ratio.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $6,300,000
• Square Footage: 13,200
• Address: 226 7th Avenue & 400 7th Avenue
• Market: Brooklyn
• Lender: Peapack Private Bank & Trust
• Landlord: Black Bear Asset Management
• Capital Markets Advisors: Bryan Manz, David Michalski & Robert Serra - Black Bear Capital Partners

The successful closing of this refinance transaction was facilitated by Black Bear Capital Partners, who provided advisory services throughout the process. The team involved in orchestrating this refinance included Bryan Manz, David Michalski, and Robert Serra, representing the capital markets advisory effort for Black Bear Asset Management, the landlord in this deal.