The transaction involves a refinance of a 6-property single-tenant retail portfolio totaling 80,665 square feet. The properties included in this portfolio are located at 2402 North College Avenue, 10097 Baltimore National Pike, 1411 Vermillion Street, 470 Memorial Parkway, 7291 North Middlebelt Road, and 36252 Lighthouse Road. The market areas for these properties span Fayetteville, AR; Ellicott City, MD; Hastings, MN; Highlands, NJ; Westland, MI; and Selbyville, DE.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $24,000,000
• Lender: Argentic
• Landlord: Stewart Alpert
• Capital Advisors: Brandon Harris, Emil DePasquale, and Bryan Manz - Black Bear Capital Partners
• Loan Type: Refinance
• Loan Terms: 10-year fixed-rate structure with interest-only payments for the full term

The deal features representation by Brandon Harris and Emil DePasquale, who are capital advisors from Black Bear Capital Partners, providing expertise throughout the transaction process. The loan focuses on a portfolio consisting primarily of five CVS stores and one Walgreens.