Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Black Bear Capital Partners Arranges $115M in Illinois Financings
Black Bear Capital Partners (BBCP), a real estate financial advisory firm and subsidiary of Black Bear Asset Management (BBAM), announced today that it has arranged $115 million in financing across a series of transactions throughout the state of Illinois.
The financings, all completed in October 2025, included the refinance, construction, and redevelopment of multifamily, self-storage, and retail assets. The financings were arranged by Stearns and BBCP colleagues Zach Lutwak-Fitzgerald and Michael Bernstein on behalf of the respective ownership groups.
BBCP arranged $41.5 million in financing for the redevelopment of two warehouse buildings located at 800 and 801 SW Washington Street in Peoria, as well as a $38 million loan to refinance a three-property multifamily portfolio totaling 236 units located in Morton.
The company also secured a $22.4 million loan for the refinance of Chatham Village Square, a 123,000-square-foot retail center in Chicago, and arranged a $13.7 million construction loan for a new 113,120-square-foot self-storage facility in Lockport.
