NorthMarq Capital’s Jacksonville office arranges $3.1 million in acquisition financing for Walgreens in Durham, North Carolina
JACKSONVILLE – 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 is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
