CVS Office Building
Advisors:
Michael Kaplan
State: Western States
Lender type: Bank
Property type: Office
Transaction type: Acquisition
Loan amount: $11,000,000
TRANSACTION DESCRIPTION
Michael Kaplan, President of Barry Slatt Mortgage Company, recently arranged a purchase loan of $11,000,000 secured by a 60,000 SF office building leased to CVS. The mission critical office building will house CVS's National Prescription Management Service.
The financing, sourced through one of Barry Slatt Mortgage Company's correspondent bank lenders, provided the private Southern California investor with a full term interest only loan for 10-years. The loan will be serviced by Barry Slatt Mortgage Company as part of its $4B loan servicing portfolio.
