Black Bear Capital Partners (“BBCP”) has secured a $22.4 million refinance loan from A10 Capital for a retail center located in Chicago.

The property asset involved in the transaction is a retail center located at 8500-8700 South Cottage Grove Avenue in the Chicago market. It consists of 123,000 square feet and involves a refinance loan of $22,400,000. The loan is structured as a three-year, floating-rate loan with a full-term interest-only payment at a 70% loan-to-value ratio.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $22,400,000
• Address: 8500-8700 South Cottage Grove Avenue
• Market: Chicago
• Asset Size: 123,000 SF
• Lender: A10 Capital
• Loan Terms: Refinance of a retail center with three-year, floating-rate loan with full-term interest-only payment at 70% LTV.
• Capital Market Advisors: Matt Stearns, Zach Lutwak-Fitzgerald, and Michael Bernstein - Black Bear Capital Partners

Key individuals involved in the deal include Matt Stearns, Zach Lutwak-Fitzgerald, and Michael Bernstein, who acted as capital market advisors. Their representation through Black Bear Capital Partners provided the necessary guidance and expertise in facilitating the refinance transaction.