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

2000-2016 North Parkerson Avenue
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This Retail property located in LA received a loan of $5,185,000 over 1 year ago. The broker of the deal was David Michalski

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.

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Deals
  • Location
    2000 North Parkerson Avenue, Crowley, Louisiana 70526, United States2000 North Parkerson Avenue, Crowley, Louisiana 70526, United States
  • Loan Value
    $5,185,000$5,185,000
  • Asset Type
    RetailRetail
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

David Michalski

David Michalski

Deals2
Financed$12.2M

Agency

Black Bear Capital Partners

Black Bear Capital Partners

Agency
Deals284
Volume$6.2B

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Deal Summary

LOAN IMAGE: David Michalski DATE: 06/10/2022 ADDRESS: 2000-2016 North Parkerson Avenue MARKET: Crowley, LA ASSET TYPE: Retail ~ SF: 107,157 LANDLORD: HomeTown Property Group BROKER: David Michalski - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $5,185,000 LOAN TYPE: Refinance LOAN TERMS: The 107,157 SF Grocery anchored shopping center 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.

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2000-2016 North Parkerson Avenue

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