Northmarq’s Miami office arranges acquisition financing of $2.5 million for North Miami Beach Walgreens
Walgreens
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.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
