New Jersey advisory firm Black Bear Capital Partners (BBCP), a subsidiary that arranges financing on behalf of clients and originates debt for Black Bear Asset Management (BBAM), announced it will advise debt for two ground-up projects in Guttenberg.
The Basking Ridge office is advising on the $12 million construction of the Cool Green MF project at 416 69th Street in Guttenberg. BBAM — the parent company — is also investing 50% equity in the deal, at $7 million.
BBCP will also be the debt advisor for $52 million to construct a multifamily asset at 7000 Adams. BBAM is investing $30M in equity.
This is part of BBCP’s $1 billion loan originations target for 2026, serving institutional and private clients.
On the principal side, BBAM is looking to deploy $250 million of capital in 2026 across a range of asset classes.
Since 2008, BBCP principals have originated and closed more than $28 billion in commercial real estate financing nationwide.
This year, BBCP plans to hire two managing directors for its New Jersey office, in New York, Chicago, or Florida.
