Northmarq’s Miami office arranges acquisition financing of $2.5 million for North Miami Beach Walgreens

Walgreens
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MIAMI, FLORIDA (April 7, 2023) — Garrett Stasand, vice president and Jaspaul Kapoor, senior vice president of Northmarq’s Miami debt/equity office, arranged acquisition financing of $2.5 million for a North Miami Beach Walgreens. The single-tenant retail property is located at 791 Northeast 167th Street. The transaction was structured with a five-year interest only term. Northmarq secured the permanent-fixed rate loan for the borrower through its relationship with a local bank.

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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