Updated Dec 4, 2024
Black Bear Capital Partners Arranges $1.1M Refinancing For 5,000 SF Fort Lauderdale Industrial Property
1129 Ne 7th Avenue
$1,100,000
$220/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Jan 19, 2023
About this deal
AI
The 5,000 SF industrial property located at 1129 NE 7th Avenue in Fort Lauderdale, FL was refinanced through a 5 year fixed rate loan. The loan amount for this refinance transaction was $1,100,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,100,000
- Address: 1129 NE 7th Avenue, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Loan Type: Refinance
- Loan Terms: 5 year fixed rate
The transaction was facilitated by Eric Trombly of Black Bear Capital Partners, who represented the parties involved in the deal.
Grand Rapids Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93