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Black Bear Capital Partners Closes $200M Loan For Multiple Multifamily Properties

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FINANCED
$200,000,000
Eric Trombly
Suraj Desai
+ 2

New York

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MultiFamily
Financed
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Property Image
FINANCED

Black Bear Capital Partners Closes $200M Loan For Multiple Multifamily Properties

MultiFamily
Financed
Eric Trombly
Suraj Desai
+ 2
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Loan

Black Bear Capital Partners (BBCP) has closed numerous complex finance packages totaling over $200 million in the multifamily sector. The firm recently completed these transactions despite challenging market conditions. With offices in New York, New Jersey, Chicago, and Boca Raton, BBCP has expanded its national platform and market penetration by opening a new office in Tampa, Florida. They continue to actively serve clients across the nation with another $300 million worth of deals in the pipeline. Their current activity spans multiple states, including NY, NJ, PA, CT, NC, SC, GA, FL, OH, IL, IN, MN, NE, TX, OK, AZ, NV, and CA.

Summary of transaction details:

The success of BBCP in closing these multifamily finance packages demonstrates their expertise in navigating complex deals. Despite market challenges, they consistently deliver results for their clients.

Players

Emil DePasquale
86 deals$2.1B volume
BROKER

Matthew (Matt) Stearns
Black Bear Capital Partners
32 deals$887.4M volume
BROKER

Suraj Desai
Black Bear Capital Partners
43 deals$1B volume
BROKER

Eric Trombly
Black Bear Capital Partners
27 deals$617.2M volume
BROKER

Zach Lutwak-Fitzgerald
Black Bear Capital Partners
27 deals$779.9M volume
BROKER

Details

FINANCED
IMAGE: Emil DePasquale, Suraj Desai, Eric Trombly, Matthew Stearns & Zach Lutwak-Fitzgerald DATE: 09/30/2023 ADDRESS: Multiple Addresses MARKET: Nationally ASSET TYPE: Multifamily BROKERS: Emil DePasquale, Suraj Desai, Eric Trombly (@Trombly17), Matthew Stearns & Zach Lutwak-Fitzgerald (@ZFitzgerald40) - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $200,000,000 LOAN TYPE: Refinance, Acquisition, Construction NOTE FROM BROKER: Black Bear Capital Partners (BBCP), which services transactions across all property types, has closed numerous complex finance packages in excess of $200 million over the past several months despite challenging market conditions. The firm, which has offices in New York, New Jersey, Chicago and Boca Raton, recently opened an office in Tampa, Florida and continues to expand its national platform and market penetration. With another $300 million currently in the pipeline, BBCP continues to ramp up its activity on behalf of its clients nationwide, including NY, NJ, PA, CT, NC, SC, GA, FL, OH, IL, IN, MN, NE, TX, OK, AZ, NV and CA.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$200,000,000.00

Monthly NOI$1,333,333.33
Monthly Debt Service$1,264,136.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00