Rite Aid

Medford, NJ
$4.25MM Senior Loan

Challenge
Arranging a permanent senior loan on a Property leased by Rite Aid. Rite Aid is in the process of being acquired by Walgreens who has a much better credit rating. This gives lenders hesitancy to commit to the loan backed by the Rite Aid credit

Solution
Washington Square was able to secure a 10-year fixed rate senior loan from a community bank