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Black Bear Capital Partners...

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

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:

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

Black Bear Capital Partners

Broker

$2.2B

vol

91 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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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