This transaction involves a refinancing package of $4,550,000 for two retail properties located at the intersection of Berlin-Cross Keys Road and Frankford Avenue, situated within the Sicklerville and Philadelphia markets. The financing terms include a duration of 5 years with a competitive fixed rate, 12 months of interest-only payments, and a flexible prepayment penalty.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,550,000
• Loan Type: Refinance
• Loan Terms: 5-year term, competitive fixed rate, 12 months of interest-only payments, flexible prepayment penalty
• Capital Market Advisor: Brandon Harris - Black Bear Capital Partners
• Asset Locations: Sicklerville, NJ and Philadelphia, PA

Brandon Harris from Black Bear Capital Partners acted as the Capital Market Advisor for this financing deal, facilitating the refinance of the retail properties involved in this transaction. This closing was a strategic move to optimize the financial structuring of the assets in the respective markets.