Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a $39,000,000 refinance on behalf of The Crest Group for a 100‑unit multifamily property in Central Islip, NY.

The Villas at Eastview is a 100-unit multifamily property located at 725 Eastview Drive in Central Islip, NY 11722. The property involved in this transaction is a refinance loan amounting to $39,000,000, structured as a 7-year fixed-rate loan with a 30-year amortization at 60% loan-to-value (LTV). The lender for this transaction is New York Life Investment Management, on behalf of New York Life Insurance Company.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $39,000,000
• Lender: New York Life Investment Management
• Landlord: The Crest Group
• Loan Type: Refinance
• Loan Terms: 7-year fixed-rate loan with a 30-year amortization at 60% LTV
• Capital Markets Advisors: Bryan Manz, Emil DePasquale & Robert Serra - Black Bear Capital Partners

This transaction was facilitated by Capital Markets Advisors from Black Bear Capital Partners, who played a key role in securing the refinancing for The Crest Group. The team includes Bryan Manz, Emil DePasquale & Robert Serra, indicating strong representation in the refinancing efforts for this multifamily property.