Retail (MT)
Debt & Equity

NorthMarq arranges acquisition financing of $11.66 million for a CVS/Walgreens Portfolio

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.   

Financing Details:
- 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. 

Property Locations:
- Westborough, Massachusetts 
- Trenton, New Jersey
- Post Falls, Idaho 

Producer Quote:
“The three separate transactions in three separate states were structured with a 10 years I/O sub 3.80 percent rate.”  

- David Blum 

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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CVS/Walgreens Portfolio
Permanent Loan - Fixed
$11,660,000