Black Bear Capital Partners Arranges $18.8M Refinance Loan For Retail Shopping Center In Joliet, IL

The retail shopping center located at 1520 North Larkin Avenue in Joliet, IL has undergone a successful refinancing transaction. The property spans 248,000 square feet and is situated in the vibrant market of Joliet. The loan was facilitated by Brandon Harris from Black Bear Capital Partners, who represented the involved parties.

Summary of transaction details:

• Property Type: Retail
• Loan Amount: $18,825,000
• Loan Type: Refinance
• Loan Terms: The financing for the retail shopping center was secured via a 5-year fixed rate loan at an interest rate of 4.85%. The loan features 12 months of interest-only payments and does not include a prepayment penalty. The funds were provided by a balance sheet lender.

This successful transaction was made possible through the expertise and efforts of Brandon Harris, a representative from Black Bear Capital Partners. Their knowledge and experience in the industry played a crucial role in securing the refinancing deal for the retail shopping center.