$2.7 MILLION LOAN CLOSED FOR PRICERITE GROCERY STORE

ROCHESTER, N.Y. — Sam Bearns of NorthMarq Capital has closed a $2.7 million loan for a PriceRite Grocery Store in Rochester. The non-recourse, 10-year loan has a 25-year amortization schedule and exceeded 80 percent loan-to-value. The fixed-rate loan was locked in at the low 7 percent range. The loan was placed through the firm’s relationship with a national real estate commercial credit company. The borrower was undisclosed.