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1492 Van Buren Road

Updated Oct 7, 2026

Black Bear Capital Partners (“BBCP”) advised on the successful $24 million equity raise for a 320-unit multifamily development located in Palmer Township, PA
FINANCEDMultiFamily

Black Bear Capital Partners (“BBCP”) advised on the successful $24 million equity raise for a 320-unit multifamily development located in Palmer Township, PA

1492 Van Buren Road

$24,000,000

Units

320

Asset Type

MultiFamily

Closing

Oct 2, 2026

About this deal

AI

The asset involved in this transaction is a 320-unit multifamily development located at 1492 Van Buren Road in Easton, PA. The equity raise amount for this project is $24,000,000, which will assist in the ongoing development and successful completion of the property. Groundbreaking and construction are anticipated to commence on or about November 30, 2026.

Summary of transaction details:

This transaction involves notable individuals and companies, including Bryan Manz and Emil DePasquale from Black Bear Capital Partners, who served as advisors. Black Bear Capital Partners played a significant role in securing the equity raise for the project by collaborating with financial contributors such as Black Bear Asset Management, The Crest Group, and Greystone Capital.

On the Map

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$24,000,000

MultiFamily

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Players

Emil DePasquale

Black Bear Capital Partners

Broker

$2.2B

vol

97 deals

Broker
Greystone Capital & Black Bear Asset Management
Greystone Capital & Black Bear Asset ManagementBuyer

Easton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $75K per unit across 320 units on a published $24M (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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