Bear Creek Asset Management Provides $92.7M Loan For Multifamily Property On Third Avenue, Gowanus

The multifamily property located at 399 Third Avenue in Gowanus has been involved in a recent transaction. The loan for this property was closed on 08/04/2022. The lender for this transaction was Bear Creek Asset Management, providing a loan amount of $92,700,000. The property is owned by 399 3rd Avenue Propco LLC.

Summary of transaction details:

• Property Type: Multifamily
• Loan Amount: $92,700,000
• Market: Gowanus
• Address: 399 Third Avenue
• Lender: Bear Creek Asset Management
• Landlord: 399 3rd Avenue Propco LLC

The loan transaction highlights the collaboration between Bear Creek Asset Management and 399 3rd Avenue Propco LLC, the landlord of the property. This transaction indicates the financial trust placed by Bear Creek Asset Management in the potential of the multifamily property located at 399 Third Avenue in Gowanus.