NorthMarq arranges acquisition financing of $11.66 million for a CVS/Walgreens Portfolio
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
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About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
