LOS ANGELES, CALIFORNIA (December 5, 2019) – David Blum, senior director of NorthMarq’s Los Angeles office secured acquisition financing of $11.66 for three CVS/Walgreens locations.
– 10-year interest only term
– Sub 3.80 percent rate
– NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a CMBS lender.
– Westborough, Massachusetts
– Trenton, New Jersey
– Post Falls, Idaho
“The three separate transactions in three separate states were structured with a 10 years I/O sub 3.80 percent rate.”
– David Blum