Walgreen’s Stores
Advisors:
Michael Kaplan
State: Michigan, North Carolina, Texas
Lender type: 2 CMBS / 1 Bank
Property type: Retail
Transaction type: Purchase
Loan amount: $14,700,000
TRANSACTION DESCRIPTION
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.
