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

Summary by Connect CRE
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 Life Insurance Company, extended a seven-year fixed-rate loa…
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Connect CRE broke the news in on Wednesday, March 11, 2026.
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