NorthMarq’s Rochester office completes $1 million refinance of Rite Aid in Ashland, Pennsylvania
ROCHESTER, NEW YORK (November 11, 2019) – NorthMarq’s Rochester office announced the $1 million refinance of a Rite Aid located in Ashland, Pennsylvania. The property contains 10,000 sq. ft.
The permanent-fixed loan was structured with a 3-year term on a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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.
