Black Bear Capital Partners (“BBCP”) Is Pleased To Announce A $2.4M Acquisition Loan For The Providence Multifamily Portfolio

The Providence Multifamily Portfolio consists of three buildings located at 30 Messer St, 93 Oak St, and 74 America Street in Providence, RI. The portfolio is of multifamily asset type with a loan amount of $2,400,000 for acquisition. The loan features a 5-year term on a 30-year amortization schedule structured at 75% LTV.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,400,000
• Lender: Regional Bank
• Landlord: Andrew Lyell & Chandler Lyell
• Capital Markets Advisors: Eric Trombly - Black Bear Capital Partners
• Loan Type: Acquisition
• Loan Terms: 5-year term on a 30-year amortization schedule at 75% LTV

Key representatives in the transaction include Eric Trombly from Black Bear Capital Partners, who acted as the capital markets advisor for the acquisition loan. The deal reflects the joint effort of landlords Andrew Lyell and Chandler Lyell in securing financing for their multifamily investments.