Black Bear Capital Partners ("BBCP"): Glenn Levins Successfully Finalizes $9.5 Million Refinance for Retail Properties in East Meadow and North Babylon.

The retail portfolio involved in this transaction comprises two properties located at 2501 Hempstead Turnpike and 1241 Deer Park Avenue, totaling 88,423 square feet. The properties are situated in the East Meadow and North Babylon markets, with a loan amount of $9,500,000 secured through a refinance arrangement. The loan features a 5-year fixed-rate structure, beginning with 6 months of interest-only payments followed by a 30-year amortization period.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,500,000
• Asset Size: 88,423 SF
• Address: 2501 Hempstead Turnpike & 1241 Deer Park Avenue
• Market: East Meadow & North Babylon
• Landlord: Glenn Levins
• Broker: Eric Trombly - Black Bear Capital Partners
• Loan Type: Refinance
• Loan Terms: 5-year fixed rate, 6 months interest-only followed by 30-year amortization

Eric Trombly, representing the broker agency Black Bear Capital Partners, facilitated the refinancing of the retail portfolio owned by Glenn Levins. This transaction highlights their collaboration in securing the loan for the portfolio, which is pivotal for the landlord's financial planning and asset management strategies.