FINANCEDRetail
Black Bear Capital Partners ("BBCP") advises Laub Realty on a $5,060,000 loan extension for a retail center located in Chicago, IL
8721 South Stony Island Avenue
$5,060,000
$172/SF
Building Size
29,332 SF
Asset Type
Retail
Closing
Jun 4, 2026
AI
The asset involved in this transaction is a 29,332 square foot retail center located at 8721 South Stony Island Avenue, Chicago, IL 60617. The loan amount secured for this property is $5,060,000, which is a loan extension structured as a 24-month extension at the original rate, featuring a 30-year amortization schedule and no prepayment penalty.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $5,060,000
- Asset Size: 29,332 SF
- Address: 8721 South Stony Island Avenue
- Market: Chicago, IL
- Landlord: Laub Realty
- Capital Market Advisors: Bryan Manz & Brandon Harris - Black Bear Capital Partners
- Loan Type: Loan extension
- Loan Terms: 24-month extension at original rate, 30-year amortization, no prepayment penalty
In this transaction, Black Bear Capital Partners acted in an advisory role for the owner, Laub Realty, to a CMBS servicer. The advisory team included Bryan Manz and Brandon Harris, who facilitated the closure of this loan extension agreement.
Players
Chicago Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.13%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93