REBusinessOnline

M&T Bank Provides $13M Loan for Acquisition of Eight CVS Properties

BUFFALO, N.Y. — Buffalo-based M&T Bank has provided $13 million in financing for the acquisition of eight CVS/pharmacy properties in Long Island, N.Y.; Upstate New York, Connecticut and Massachusetts. A Case Real Estate Capital-sponsored venture acquired the high-credit, triple-net leased retail properties, which total approximately 85,000 square feet. Case originally purchased the properties without financing in 2015 through a deed-in-lieu of foreclosure agreement.

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‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
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‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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