FINANCEDMixed-use
Black Bear Capital Partners (“BBCP”) is pleased to announce the successful $6.75M refinancing of a mixed-use asset in Lansing, MI
2010 East Michigan Avenue
$6,750,000
Units
42
Asset Type
Mixed-use
Closing
Oct 6, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 2010 East Michigan Avenue, Lansing, Michigan, consisting of 42 apartments and 7 commercial units. The total loan amount for the refinance is $6,750,000. The financing terms include a five-year fixed-rate term and full-term interest-only payments.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,750,000
- Units: 42 apartments and 7 commercial units
- Lender: Deutsche Bank
- Brokers: Matthew Stearns, Zach Lutwak-Fitzgerald & Michael Bernstein - Black Bear Capital Partners
- Loan Type: Refinance
- Loan Terms: Five-year fixed-rate term with full-term interest-only payments
This refinancing was successfully handled by Black Bear Capital Partners, represented by the brokers Matthew Stearns, Zach Lutwak-Fitzgerald, and Michael Bernstein. Their efforts facilitated the attractive financing terms for the borrower, optimizing the financial structure of the mixed-use asset.
On the Map
$6,750,000
Mixed-use
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Players
Lansing Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93