FINANCED
Black Bear Capital Partners Arranges $5.5M Refinance Loan For Two CVS Pharmacy Retail Properties In Inverness & Tavare, FL
602 West Main Street & 550 West Burleigh Boulevard (US 441)
Retail
21,816 SF
21,816 SF
Financed 1 year ago
Summary
Loan
FLORIDA
Retail
21,816 sqft
The two CVS Pharmacy retail properties located at 602 West Main Street and 550 West Burleigh Blvd (US 441) in Inverness and Tavare, FL have recently undergone a refinancing transaction. These properties span a collective 21,816 square feet. The refinance was facilitated by Eric Trombly from Black Bear Capital Partners.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,500,000
The refinancing involved a 5-year non-recourse fixed rate loan at an LTV ratio of 65%. The loan terms also include 4 years of interest-only payments. This transaction allows the property owners to take advantage of favorable market conditions and secure financing to support their ongoing operations.
Players
Details
FINANCED
IMAGE: Eric Trombly
DATE: 06/03/2022
ADDRESS: 602 West Main Street & 550 West Burleigh Blvd (US 441)
MARKET: Inverness & Tavare, FL
ASSET TYPE: Retail ~ SF: 21,816
BROKER: Eric Trombly - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $5,500,000
LOAN TYPE: Refinance
LOAN TERMS: The refinance of the two (2) CVS Pharmacy retail properties, spanning a collective 21,816 SF, was financed with a 5-year non-recourse fixed rate loan at 65% LTV and features 4-years of interest only payments.View on map
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Address602 West Main Street & 550 West Burleigh Boulevard (US 441)
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