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Black Bear Capital Arranges Lease-Up Financing for Central Islip Apartments

Black Bear Capital Partners (BBCP) has arranged $39 million in financing on behalf of The Crest Group to refinance the Villas at Eastview, a newly constructed 100-unit luxury multifamily community in

Summary

Black Bear Capital Partners (BBCP) has arranged $39 million in financing on behalf of The Crest Group to refinance the Villas at Eastview, a newly constructed 100-unit luxury multifamily community in Central Islip, NY.

The transaction was structured as a lease-up financing at stabilized pricing, with a step-down rate structure.

New York Life Investment Management, on behalf of New York... The post Black Bear Capital Arranges Lease-Up Financing for Central Islip Apartments appeared first o

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