Black Bear Capital Arranges Three Chicagoland Financings
Black Bear Capital Partners (BBCP) has arranged $37.4 million in financing across three properties in Illinois.
In the first of the new transactions, BBCP arranged $18.8 million in permanent financing on behalf of North Windham Properties, LLC for North Ridge Plaza, a shopping center at 1520 N. Larkin Ave. in Joliet, IL. The financing package was provided by a balance sheet lender.
Managing partner Brandon Harris of BBCP arranged the financing package.
In the second transaction, BBCP arranged $18.6 million in financing on behalf of Stahelin Properties, provided by Heartland Bank, featuring a fixed rate of 5.95% for five (5) years at 70% LTV.
Managing director Scott Modelski of BBCP arranging the financing package for Stahelin’s two multi-tenant office properties, located at 3601 W Algonquin Rd. and 800 Roosevelt Rd. in Rolling Meadows and Glen Ellyn, IL, respectively.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).