Black Bear Asset Management Provides $8.4M Bridge Loan For Multifamily Properties In Forks Township

Black Bear Asset Management has provided a bridge loan of $8,400,000 for the multifamily property located at 2250 & 2280 Lafayette Park Drive in Forks Township, PA. The property, known as Sullivan Parke, spans over 53,376 square feet and consists of 48 units. Laub Realty is the landlord of this asset.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $8,400,000
• Address: 2250 & 2280 Lafayette Park Drive, Forks Township, PA
• Market: Forks Township, PA
• Loan Type: Bridge
• Loan Terms: Bridge financing with a 1-year extension option for buildings 1 & 2 of Sullivan Parke

The loan was arranged by Bryan Manz, Emil DePasquale, and George Pektor representing BlackBear Capital Partners. They acted as brokers in this transaction.