Black Bear inks $5.6 million refi for Burlington medical, retail center

Aug 4, 2020 | Education, Finance & Capital Markets, Retail and Entertainment

By Joshua Burd

The owner of a medical office and retail complex in Burlington County has refinanced for $5.6 million, in one of several newly announced transactions by Black Bear Capital Partners.

Located in Mansfield, the property at 3224-3242 Route 206 comprises 29,410 square feet. Lakeland Bank is providing the seven-year loan, which has a fixed interest rate of 3.375 percent.

Black Bear’s Emil DePasquale, a managing partner in New Jersey, arranged the financing on behalf of the borrower. The financial advisory firm announced the deal among several recent transactions, which totaled $52.1 million and helped refinance a dozen student housing, retail and multifamily properties throughout the Midwest and Northeast.

Print Friendly, PDF & Email

Subscribe

Joshua Burd

Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.

Other Top Stories