Ernest DesRochers, senior vice president and managing director of NorthMarq’s New York City Metro office, has arranged a construction and permanent loan of $5.6 million to build a Walgreens in Unionville.
The drug store will occupy a 13,000-square-foot, free-standing retail property.
Financing was based on up to a two year construction period and permanent loan of up to 10 years. Amortization is based on a 30-year schedule after conversion to a permanent loan. The loan was arranged by NorthMarq through its relationship with a regional bank.