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