Retail - Debt

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.

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 $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.