Black Bear Capital Partners ("BBCP") and Brandon Harris have successfully secured a $2.21 million refinance loan for their retail portfolio.
FINANCED
$2,212,500
New Jersey
See Similar DealsRetail12,045 SF
Financed
FINANCED
Black Bear Capital Partners ("BBCP") and Brandon Harris have successfully secured a $2.21 million refinance loan for their retail portfolio.
321 Handy Street, 588 Livingston Avenue & 586 Livingston Avenue
See Similar DealsRetail12,045 SF
Financed
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$183
Total Square Footage:12,045 SF
Transaction Type:Loan
The transaction involves a mixed-use commercial portfolio consisting of three properties located at 321 Handy Street, 588 Livingston Avenue, and 586 Livingston Avenue in the New Brunswick & North Brunswick market, encompassing a total square footage of 5,963. The refinance loan amount is $2,212,500 for these retail properties.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,212,500
- Lender: People’s Security Bank & Trust
- Broker: Brandon Harris - Black Bear Capital Partners
- Loan Type: Refinance
- Loan Terms: Refinance of a three property mixed-use commercial portfolio via a 5-year fixed rate loan featuring a 25-year amortization and flexible prepay.
This transaction is facilitated by Brandon Harris, who represents the broker agency Black Bear Capital Partners in this refinancing deal, ensuring the interests of the involved parties are effectively managed.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,212,500.00
Monthly NOI$14,750.00
Monthly Debt Service$13,984.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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