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.
FINANCED
Florida
See Similar DealsMixed-use6,400 SF
Financed 07/17/2025
FINANCED
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
See Similar DealsMixed-use6,400 SF
Financed 07/17/2025
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$167
Total Square Footage:6,400 SF
Transaction Type:Loan
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
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,070,000.00
Monthly NOI$7,133.33
Monthly Debt Service$6,763.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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