Black Bear Capital Partners’ ("BBCP") JKH Capital Secures $8.7M Acquisition Loan for Charlotte Multifamily Asset

The property asset involved in the transaction is a multifamily unit located at 3200 Dalecrest Drive in Charlotte, NC. This asset comprises a total of 96 units and is positioned in the multifamily market segment, indicating a focus on residential rental opportunities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,700,000
• Lender: The Bancorp
• Landlord: JKH Capital
• Loan Type: Acquisition
• Loan Terms: 3-year fixed rate loan with full term interest-only at 74% loan-to-cost

The key individuals involved in the deal include brokers Zach Lutwak-Fitzgerald, Matthew Stearns, and Michael Bernstein, representing Black Bear Capital Partners. Their role was pivotal in facilitating the acquisition loan for the landlord, JKH Capital, to secure financing for the property acquisition.