Black Bear Capital Partners ("BBCP") arranged $3.575M in refinancing for Mindful Capital’s Orlando property, a transaction led by Eric Trombly.
2123 Church Street
$3,575,000
$68/SF
Building Size
52,500 SF
Asset Type
Industrial
Closing
Feb 24, 2025
AI
This transaction involves a 52,500 square foot industrial asset located at 2123 Church Street in Orlando, FL. The loan amount secured for this asset is $3,575,000, categorized under refinance with terms including a 5-year fixed rate loan, an initial 18 months of interest-only payments, followed by a 30-year amortization period.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,575,000
- Loan Type: Refinance
- Loan Terms: 5-year fixed rate, 18 months interest-only, followed by 30-year amortization
- Landlord: Mindful Capital
- Broker: Eric Trombly - Black Bear Capital Partners
- Market: Orlando, FL
- Address: 2123 Church Street
Key individuals involved in this transaction include the landlord Mindful Capital and broker Eric Trombly representing the deal through Black Bear Capital Partners. Patrick Carney also plays a role in the loan transaction as noted in the context provided.
Orlando 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
4.44%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93