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Brandon Harris Of Black Bear Capital Partners Arranges $1.77M Loan For Retail Acquisition

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FINANCED
$1,770,000

Florida

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Retail11,500 SF
Financed 04/12/2024
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Property Image
FINANCED

Brandon Harris Of Black Bear Capital Partners Arranges $1.77M Loan For Retail Acquisition

1920 Jefferson Street

See Similar Deals
Retail11,500 SF
Financed 04/12/2024
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$153
Total Square Footage:11,500 SF
Transaction Type:Loan

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:

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.

Players

Brandon Harris
Black Bear Capital Partners
Brandon Harris
74 deals$1.1B volume
BROKER
VyStar Credit Union
VyStar Credit Union
LENDER

Details

FINANCED
IMAGE: Brandon Harris DATE: 04/12/2024 ADDRESS: 1920 S Jefferson Street MARKET: Perry, FL ASSET TYPE: Retail ~ SF: 11,500 LENDER: VyStar Credit Union LANDLORD: Timber Development Corporation (TDC) BROKER: Brandon Harris - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $1,770,000 LOAN TYPE: Acquisition LOAN TERMS: The retail shopping center, spanning 11,500 SF, was acquired via a 5-year fixed rate loan at 75% LTPP, features a 25-year amortization, and no prepayment penalty.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,770,000.00

Monthly NOI$11,800.00
Monthly Debt Service$11,187.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00