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