Black Bear Capital Partners ("BBCP") Arranges $1.65M Refinance for 3-Unit Multifamily in Carroll Gardens

The multifamily property located at 88 2nd Place in Carroll Gardens, spanning 3,850 square feet and consisting of 3 units, was recently involved in a refinancing deal. The loan amount for this transaction was $1,654,000. The lender for this refinance was Community Federal Savings Bank with the landlord being Frank Driscolo. The brokers representing this deal were Emil DePasquale & William McGovern from Black Bear Capital Partners.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,654,000
• Units: 3
• Square Footage: 3,850
• Address: 88 2nd Place
• Market: Carroll Gardens

Emil DePasquale and William McGovern from Black Bear Capital Partners played a crucial role as the brokers in this refinancing deal. The 3-unit townhome was refinanced with a 6-month floating rate loan, including a 6-month extension option and full term interest-only payment terms.