Barry Slatt Mortgage Company's COO, Michael Kaplan, recently arranged $14,700,000 in acquisition financing for 3 Walgreens properties located in Michigan, North Carolina and Texas.
All 3 properties were acquired as part of 3 separate 1031 exchanges. 10-year interest only financing was secured for the Michigan and Texas properties while an amortizing loan with limited prepayment structure was place on the North Carolina property.
|PROPERTY||LENDER TYPE||TRANSACTION TYPE||LOAN AMOUNT||PRODUCER|
|Newark Square Shopping Center||Life Insurance Company||Purchase||$7,500,000||Gregory Gray|