Black Bear Capital Partners ("BBCP") and Sage Equity have successfully secured a refinancing deal worth $33.78 million for a multifamily portfolio located in Gaffney, Inman, and Greensboro, North Carolina.

The transaction involves a multifamily portfolio consisting of 250 units across three locations: 112 Martin Lane in Gaffney, SC; 1202 Chelsey Lane in Inman, SC; and 3501 North Church Street in Greensboro, NC. The total square footage of the portfolio is 261,728 SF, with the properties comprising a 96-unit asset in Gaffney, a 98-unit asset in Inman, and a 56-unit asset in Greensboro.

Summary of transaction details:

• Property Type: Multifamily Portfolio
• Transaction Amount: $33,781,000
• Lender: PGIM & Regions Bank
• Landlord: Sage Equity
• Capital Markets Advisor: Matthew Stearns, Michael Bernstein & Zach Lutwak-Fitzgerald - Black Bear Capital Partners
• Loan Type: Refinance
• Loan Terms: 5-year fixed-rate loan with 36-month interest-only period followed by a 30-year amortization at 70% LTV for Gaffney and Inman properties; 7-year fixed-rate loan with a 48-month interest-only period followed by a 30-year amortization at 75% LTV for Greensboro property.

This deal was represented by Matthew Stearns, Michael Bernstein, and Zach Lutwak-Fitzgerald from Black Bear Capital Partners, providing capital markets advisory services for the transaction. The portfolio's refinancing structure supports investment strategy and financial management by the landlord, Sage Equity.