Brandon Harris Of Black Bear Capital Partners Arranges $1.77M Loan For Retail Acquisition
1920 Jefferson Street
$1,770,000
$153/SF
Building Size
11,500 SF
Asset Type
Retail
Closing
Apr 12, 2024
About this deal
AI
The retail shopping center located at 1920 S Jefferson Street in Perry, FL spans 11,500 SF. The property was acquired using a $1,770,000 5-year fixed rate loan at 75% LTPP. The loan features a 25-year amortization schedule and no prepayment penalty.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,770,000
- Address: 1920 S Jefferson Street
- Market: Perry, FL
- Lender: VyStar Credit Union
- Landlord: Timber Development Corporation (TDC)
- Broker: Brandon Harris - Black Bear Capital Partners
The loan for the acquisition of the retail shopping center was facilitated by VyStar Credit Union. The landlord involved in the transaction is Timber Development Corporation (TDC), and representing the deal was Brandon Harris from Black Bear Capital Partners.
On the Map
$1,770,000
$153/SF
Retail
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Players
Perry Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.96%
Cash-on-Cash
-2.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93