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.