Retail - Debt

NorthMarq Capital’s Jacksonville office arranges $3.1 million in acquisition financing for Walgreens in Durham, North Carolina

JACKSONVILLE (November 30, 2017) – Ryan Whitaker, senior vice president/senior director of NorthMarq Capital’s Jacksonville regional office, negotiated acquisition financing of $3.1 million for a 13,650 sq. ft. Walgreens located at 6405 Fayetteville Road in Durham, North Carolina. The transaction was structured with a fully amortizing 12-year term. NorthMarq arranged financing for the borrower 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.