Black Bear Capital Partners Arranges $4.4M Refinance Loan For Industrial Property In Harrison, AR
5420 US Route 65
$4,400,000
$74/SF
Building Size
59,325 SF
Asset Type
Industrial
Closing
Jan 5, 2024
AI
The industrial property located at 5420 Highway 65 S in Harrison, AR has been involved in a refinancing deal. The property has a total square footage of 59,325 and belongs to the industrial asset type. It is occupied by FedEx, serving as their operational space.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,400,000
- Loan Type: Refinance
- Loan Terms: The property was refinanced through a 5-year fixed rate loan.
The refinancing deal was facilitated by Eric Trombly from Black Bear Capital Partners. As the broker representing the transaction, Eric played a crucial role in negotiating and finalizing the loan terms between the parties involved.
Harrison Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93