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

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FINANCED
$22,400,000

Illinois

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Retail123,000 SF
Financed 09/29/2025
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Property Image
FINANCED

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

South Cottage Grove Avenue

See Similar Deals
Retail123,000 SF
Financed 09/29/2025
Contact now

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$182
Total Square Footage:123,000 SF
Transaction Type:Loan

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.

Players

Matthew (Matt) Stearns
33 deals$895.4M volume
BROKER

Zach Lutwak-Fitzgerald
Black Bear Capital Partners
28 deals$787.9M volume
BROKER

Michael Bernstein
Black Bear Capital Partners
13 deals$478.9M volume(520) 330-1002
BROKER

Details

FINANCED
IMAGE: Zach Lutwak-Fitzgerald, Matthew Stearns & Michael Bernstein DATE: 09/29/2025 ADDRESS: 8500-8700 South Cottage Grove Avenue MARKET: Chicago ASSET TYPE: Retail ~ SF: 123,000 LENDER: A10 Capital (@A10Capital) CAPITAL MARKET ADVISORS: Matt Stearns, Zach Lutwak-Fitzgerald (@ZFitzgerald40) & Michael Bernstein - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $22,400,000 LOAN TYPE: Refinance LOAN TERMS: Refinance of a 123,000-SF retail center with (3) three-year, floating-rate loan with a full-term IO at 70% LTV.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$22,400,000.00

Monthly NOI$149,333.33
Monthly Debt Service$141,583.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00