Updated Oct 7, 2026
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:
- Property Type: Multifamily Development
- Transaction Amount: $24,000,000
- Address: 1492 Van Buren Road
- Market: Easton, PA
- Asset Features: 320 Units
- Advisors: Bryan Manz & Emil DePasquale - Black Bear Capital Partners
- Equity Providers: Black Bear Asset Management, The Crest Group, Greystone Capital
- Transaction Role: Exclusive advisory by Black Bear Capital Partners
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
$24,000,000
MultiFamily
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Players
Easton 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93