Black Bear Capital Partners recently arranged two separate financing transactions totaling $43.6 million. Matt Stearns and Raymond Zanca of BBCP arranged the financing package.
In the first transaction, BBCP arranged $31.5 million in construction financing on behalf of a private investor for Solace at Ballpark Village, a ground-up residential development in Goodyear, AZ. The three-year loan provided by Benefit Street Partners Realty Trust will be used to replace the existing land loan and fund construction costs for the 211-unit multifamily development located at 2571 South Estrella Parkway. The complex is located within a qualified opportunity zone.
In the second transaction, the BBCP team of Stearns and Zanca arranged a $12.1 million 35-year loan featuring a fixed rate of 2.3 percent on behalf of a private investor. The asset was a 285-unit multifamily townhome totaling 256,230 square feet in Champaign, IL.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
ConnectCRE.com
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Content Marketing
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.
