Black Bear Capital Partners ("BBCP") Secures $8.1M Refinance for Weatherford, TX Medical Office Portfolio
Eureka Street
$8,100,000
$188/SF
Building Size
42,988 SF
Asset Type
Office
Closing
Nov 26, 2024
AI
The property asset involved in this transaction is a medical office located at 831, 879, 891, 905, and 907 E Eureka Street in Weatherford, TX. It comprises a total square footage of 42,988, supported by a refinancing loan amounting to $8,100,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $8,100,000
- Lender: East West Bank
- Loan Type: Refinance
- Loan Terms: 7-Year floating-rate loan featuring future SWAP optionality, 30-year amortization, and no prepayment penalty.
- Broker: Brandon Harris - Black Bear Capital Partners
This transaction was facilitated by Brandon Harris, who represents Black Bear Capital Partners in the brokerage aspect of the deal, coordinating between the lender and the property stakeholders.
Weatherford Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93