Retail - Debt

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 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.