BBCP Arranges $24M Construction Loan for Long Island Multifamily Project

4/25/2025

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REBusinessOnline

• Subcategory: Capital Markets: Debt, MF: Affordable, MF: Market Rate, MF: Senior

• Tag: New Construction

• Additional Filters-Subcategory: MF: BTR-Casita, MF: BTR-Townhome

• Additional Filters-Tags: MF: Attainable-Workforce Housing

Black Bear Capital Partners (BBCP) has arranged a $24 million construction loan for The Villas at Oak Run, a 74-unit multifamily project on Long Island. The 23.5-acre site is located at the northeast corner of Birchwood Park Drive and Middle Country Road in Middle Island, and the development carries a $35 million price tag.