Updated Nov 3, 2026
FINANCEDMultiFamily
Black Bear Capital Partners (“BBCP”) is pleased to announce the successful $11.32 million refinancing of a 20-unit multifamily property located in New York, NY
175-177 East 3rd St, New York
$11,320,000
Units
20
Asset Type
MultiFamily
Closing
Oct 30, 2026
About this deal
AI
The asset involved in this transaction is a 20-unit multifamily property located at 175-177 East 3rd Street in the East Village market of New York, NY. The property was refinanced for a total loan amount of $11,320,000. The financing terms include a five-year fixed-rate term, providing favorable conditions for the borrower.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $11,320,000
- Lender: PGIM
- Borrower: M1 Ventures
- Capital Market Advisors: Bryan Manz & Eric Trombly - Black Bear Capital Partners
- Loan Type: Refinance
- Loan Terms: Five-year fixed-rate term
The deal involves key individuals and organizations such as PGIM as the lender, and M1 Ventures as the borrower. Bryan Manz and Eric Trombly from Black Bear Capital Partners acted as capital market advisors, facilitating the refinancing process for the multifamily property.
On the Map
$11,320,000
MultiFamily
View full map
Players
Oneonta MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Eric Trombly to view all their deals.
Browse Oneonta multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93