Updated Jul 2, 2026
Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of $3,630,000 to refinance two commercial properties in Morristown and Dover, New Jersey
315 East Hanover Avenue & 400 Richards Avenue
$3,630,000
Building Size
—
Asset Type
Industrial
Closing
Jun 24, 2026
About this deal
AI
The transaction involves two commercial properties located at 315 East Hanover Avenue and 400 Richards Avenue in the Morristown and Dover markets. These properties are categorized as a Commercial & Industrial Warehouse asset. The deal facilitated a refinance for a total amount of $3,630,000, structured across two five-year, fixed-rate loans featuring competitive rates and flexible prepayment options.
Summary of transaction details:
- Property Type: Commercial & Industrial Warehouse
- Transaction Amount: $3,630,000
- Loan Type: Refinance
- Capital Markets Advisor: Brandon Harris - Black Bear Capital Partners
- Market: Morristown & Dover
Brandon Harris, representing Black Bear Capital Partners, successfully executed the refinancing deal, ensuring favorable loan terms for the properties involved. The structured financing reflects the firm's commitment to providing tailored financial solutions in the commercial real estate sector.
On the Map
$3,630,000
Industrial
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Market 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
4.37%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93