FINANCED
Black Bear Capital Partners Arranges $9.6M Acquisition Loan For Retail Property In Wayne, NJ
189-245 Berdan Avenue
Retail
77,809 SF
77,809 SF
Financed 106 days ago
Summary
Loan
NEW JERSEY
Retail
77,809 sqft
Black Bear Capital Partners facilitated the acquisition of a retail shopping center located at 189-245 Berdan Avenue in Wayne, NJ. Spanning 77,809 square feet, the property was acquired through a $9,562,500 fixed rate loan. The loan terms include 12 months of interest-only payments and a flexible prepayment option.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,562,500
- Address: 189-245 Berdan Avenue, Wayne, NJ
- Market: Wayne, NJ
- Asset Type: Retail
- Square footage: 77,809
Brandon Harris of Black Bear Capital Partners served as the broker for this transaction. The 5-year fixed rate loan allowed for the successful acquisition of the retail shopping center. With 12 months of interest-only payments and a flexible prepayment option, the loan provided favorable terms for the buyer.
Players
All
2
Agents
1
Agencies
1
Details
FINANCED
IMAGE: Brandon Harris
DATE: 01/11/2024
ADDRESS: 189-245 Berdan Avenue
MARKET: Wayne, NJ
ASSET TYPE: Retail ~ SF: 77,809
BROKER: Brandon Harris - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $9,562,500
LOAN TYPE: Acquisition
LOAN TERMS: The retail shopping center, spanning 78k SF, was acquired via a 5-year fixed rate loan featuring 12 months of interest-only payments and a flexible prepay.View on map
Loading...
Address189-245 Berdan Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want