Black Bear Capital Partners (“BBCP”) has successfully assisted the Klein Group with a $19.5 million refinance, with guidance from Bryan Manz and Brandon Harris.

A retail property located at 111 Fulton Street in Manhattan encompasses 26,000 square feet. This property is refinanced for a loan amount of $19,500,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $19,500,000
• Loan Type: Refinance
• Loan Terms: 5-year fixed-rate facility with a 30-year amortization schedule, priced at 1-Month Term SOFR + 2.35%, resulting in an effective rate of 5.72%
• LTV: 65%
• Landlord: The Klein Group
• Capital Advisors: Bryan Manz & Brandon Harris - Black Bear Capital Partners

This transaction features Bryan Manz and Brandon Harris from Black Bear Capital Partners, who represented The Klein Group in an advisory role to a balance sheet lender for the refinance of the property, ensuring long-term stability and competitive pricing for an existing client.