Black Bear Capital Partners ("BBCP") has secured a loan of $1,070,000 for a 6,400 square foot mixed-use property in Lakeland, thanks to Tony Morales.
110 East Pine Street
$1,070,000
$167/SF
Building Size
6,400 SF
Asset Type
Mixed-use
Closing
Jul 16, 2025
AI
The asset involved in this transaction is a mixed-use building located at 110 East Pine Street in Lakeland, featuring a total square footage of 6,400. The acquisition financing is set at a loan amount of $1,070,000 with a 5-year fixed rate loan and a 30-year amortization schedule.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,070,000
- Loan Type: Acquisition
- Loan Terms: 5-year fixed rate loan, 30-year amortization
- Landlord: Tony Morales
- Broker: Eric Trombly - Black Bear Capital Partners
- Date: 07/17/2025
Key individuals involved in the transaction include Tony Morales representing the landlord and Eric Trombly serving as the broker from Black Bear Capital Partners, facilitating the acquisition of the property.
Players
Lakeland Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.83%
Cash-on-Cash
-4.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93