Hometown Property Group Refinances Crowley Retail Center With $5.18M Loan

The 107,157 SF Grocery anchored shopping center located at 2000-2016 North Parkerson Avenue in Crowley, LA, has been refinanced through a loan transaction. The property is owned by HomeTown Property Group and was represented by David Michalski from Black Bear Capital Partners. The loan amount for this refinance was $5,185,000.

Summary of transaction details:

• Property Type: Retail
• Loan Amount: $5,185,000
• Loan Type: Refinance
• Loan Terms: The property was refinanced on a ten (10) year fixed rate, non-recourse loan with two (2) years of interest only and a thirty (30) year amortization schedule thereafter.
• Market: Crowley, LA
• Address: 2000-2016 North Parkerson Avenue
• Size: 107,157 SF

This transaction highlights the collaboration between HomeTown Property Group, the property owner, and David Michalski from Black Bear Capital Partners, who represented them in the refinancing process.