Retail (MT)
Debt & Equity

NorthMarq Capital arranges financing for two Dollar General locations in Tully and Lockport, New York

ROCHESTER (August 4, 2014) – Scott DeVinney, vice president of NorthMarq Capital’s Rochester based regional office negotiated financing for two nonrecourse loans with short term leases worth $1,000,000 for two Dollar General stores. The stores contain a combined 16,250 sq.ft. of retail space and are located in Lockport and Tully, New York. The transaction was structured with a 10-year term and 25-year amortization schedule and was arranged for the borrower through NorthMarq’s relationship with a regional bank. “The properties were built in 2004 for Dollar General,” said DeVinney. “NorthMarq was able to provide a long-term fixed rate loan with relatively short lease terms remaining.”

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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Dollar General Locations
Debt
$1,000,000