US Century Bank Refinances Industrial Portfolio In Lake Worth, Sunrise, And Plantation, FL For $15.21M | 2211 2nd Avenue | US Century Bank | Eric Trombly | Industrial | Loan

Summary

Loan

FLORIDA

Industrial

160,000 sqft

A four-property industrial portfolio, spanning 160k SF, located at 2211-2223 2nd Avenue North, 4851-4891 NW 103rd Avenue, 4700 N Hiatus Road, and 4202-4360 Peters Road in Lake Worth, Sunrise, and Plantation, FL, has been refinanced in a closed transaction.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $15,210,000
Lender: US Century Bank
Landlord: Patrick Carney & Jeffrey Pechter – Mindful Capital
Broker: Eric Trombly - Black Bear Capital Partners
Loan Type: Refinance
Loan Terms: The four-property industrial portfolio has been refinanced with a 5-year non-recourse fixed-rate loan at 4.45% and interest-only payments.

Eric Trombly of Black Bear Capital Partners represented the landlord, Patrick Carney & Jeffrey Pechter of Mindful Capital, in securing the loan from US Century Bank.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Eric Trombly

Senior Managing Director

Black Bear Capital Partners

US Century Bank

Details

Deal Summary

FINANCED

IMAGE: Patrick Carney & Eric Trombly DATE: 08/29/2022 ADDRESS: 2211-2223 2nd Avenue North; 4851-4891 NW 103rd Avenue; 4700 N Hiatus Road; & 4202-4360 Peters Road MARKET: Lake Worth, Sunrise, & Plantation, FL ASSET TYPE: Industrial LENDER: US Century Bank LANDLORD: Patrick Carney & Jeffrey Pechter – Mindful Capital BROKER: Eric Trombly - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $15,210,000 LOAN TYPE: Refinance LOAN TERMS: The four (4) property industrial portfolio, spanning 160k SF, was refinanced with a 5-year non-recourse fixed-rate loan at 4.45% and interest only payments.

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Address2211 2nd Avenue

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