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2123 Church Street

Black Bear Capital Partners ("BBCP") arranged $3.575M in refinancing for Mindful Capital’s Orlando property, a transaction led by Eric Trombly.
FINANCEDIndustrial

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.

Players

Eric Trombly

Black Bear Capital Partners

Broker

$617.2M

vol

27 deals

Broker

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