Retail

NorthMarq Capital’s Jacksonville office arranges $3.1 million in acquisition financing for Walgreens in Durham, North Carolina

JACKSONVILLE (November 30, 2017) – Ryan Whitaker, senior vice president/senior director of NorthMarq Capital’s Jacksonville regional office, negotiated acquisition financing of $3.1 million for a 13,650 sq. ft. Walgreens located at 6405 Fayetteville Road in Durham, North Carolina. The transaction was structured with a fully amortizing 12-year term. NorthMarq arranged financing for the borrower with a life insurance company.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.