Black Bear Capital Partners Closes $200M Loan For Multiple Multifamily Properties
$200,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 30, 2023
AI
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:
- Property Type: Multifamily
- Transaction Amount: $200,000,000
- Loan Type: Refinance, Acquisition, Construction
- Brokers: Emil DePasquale, Suraj Desai, Eric Trombly, Matthew Stearns, and Zach Lutwak-Fitzgerald - Black Bear Capital Partners
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
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93