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.
- ◦Financing