Black Bear Capital Partners’ ("BBCP")Suraj Desai Secures $7.75M Construction Loan in Texas

The asset involved in this transaction is a single-family residence (SFR) located in Texas, encompassing a total square footage of 15,201. The loan amount secured for this property is $7,750,710, provided as a construction loan with specific terms.

Summary of transaction details:

• Property Type: Single-Family Residence (SFR)
• Transaction Amount: $7,750,710
• Loan Type: Construction Loan
• Loan Terms: 18-month fixed-rate loan, with full-term interest-only payments at 80% LTC
• Market: Texas
• Capital Markets Advisor: Suraj Desai - Black Bear Capital Partners

Suraj Desai, representing Black Bear Capital Partners, facilitated this loan transaction, overseeing the arrangement of financing for the construction project. The advisory role played by Black Bear Capital Partners underscores the importance of strategic financial guidance in real estate development operations.