Black Bear Capital Partners Arranges $15.9M Refinance Loan For Obetz Industrial Property

The industrial property located at 4465 Industrial Center Drive in Obetz, OH has been refinanced in a closed transaction. The property spans approximately 303,159 square feet and is classified as an industrial asset. The transaction was facilitated by Brandon Harris of Black Bear Capital Partner.

Summary of transaction details

• Property Type: Industrial
• Loan amount: $15,925,000
• Loan Type: Refinance
• Loan Terms: The refinance of the industrial cold storage property was financed via a 7-year fixed rate non-recourse loan at 4.625%. The loan features 12 months of interest-only payments and a 30-year amortization. Additionally, a flexible declining scale prepay option is available. The financing for this transaction was provided by a balance sheet lender.

This deal involved the expertise of Brandon Harris from Black Bear Capital Partner, who represented the parties involved in the transaction. His role as a broker was crucial in facilitating the successful refinancing of the industrial property.