Black Bear Capital Partners Arranges $7M Refinance Loan For Next Gravity's Industrial Property On N Cherry Avenue, Chicago | 1350-60 North Cherry Avenue | Scott Modelski | Industrial | Loan

Summary

Loan

ILLINOIS

Industrial

40,000 sqft

The industrial property located at 1350-60 N Cherry Avenue in Chicago, IL has recently undergone a refinancing transaction. The property spans 40,000 square feet and is owned by Next Gravity.

Summary of transation details

Property Type: Industrial
Transaction Amount: $7,000,000
Loan Type: Refinance
Loan Terms: The property was refinanced with a 5-year 5.75% fixed rate loan.

Black Bear Capital Partners represented Next Gravity in the refinancing deal. Scott Modelski, a broker from Black Bear Capital Partners, played an integral role in facilitating the transaction.

Players

All
2

Agents
1
Agencies
1

Scott Modelski

Managing Director

Black Bear Capital Partners

Details

Deal Summary

FINANCED

IMAGE: Scott Modelski DATE: 05/19/2023 ADDRESS: 1350-60 N Cherry Avenue MARKET: Chicago, IL ASSET TYPE: Industrial ~ SF: 40,000 LANDLORD: Next Gravity BROKER: Scott Modelski (@Scott_r_Modelski) - Black Bear Capital Partners LOAN AMOUNT: $7,000,000 LOAN TYPE: Refinance LOAN TERMS: The industrial property, spanning 40k SF, was refinanced via a 5-year 5.75% fixed rate loan.

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Address1350-60 North Cherry Avenue

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