Black Bear Capital Partners ("BBCP") and First Internet Bank have approved a $1.3 million refinancing loan for GB Property Management’s retail asset located in Algonquin.

The property asset involved in this transaction is a retail space located at 10 South Randall Road, Algonquin, IL. The asset spans a total of 3,000 square feet and is occupied by a 7-Eleven store. The refinancing for this property was arranged for a total loan amount of $1,300,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,300,000
• Loan Type: Refinance
• Loan Terms: 5-year fixed rate loan, followed by a 20-year amortization schedule
• Lender: First Internet Bank
• Landlord: GB Property Management
• Landlord's Representative: Matthew Stearns, Michael Bernstein & Zach Lutwak-Fitzgerald - Black Bear Capital Partners

Key individuals involved in this deal include the representatives from Black Bear Capital Partners, who facilitated the refinancing process for the landlord, GB Property Management. The representatives are Matthew Stearns, Michael Bernstein, and Zach Lutwak-Fitzgerald, highlighting their roles in securing the refinancing agreement for the retail property.