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Landes Group Refinances 14 CVS Stores
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Landes Group Refinances 14 CVS Stores

02/18/2019

Hamilton Realty Finance is pleased to announce the closing of $31,597,371 in proceeds to capitalize the refinance of 14 CVS leasehold interests (the "Portfolio") across 8 states (Arizona, Florida, Georgia, Illinois, Nevada, New Jersey, New York, and Virginia) on behalf of The Landes Group (the "Sponsor"). Quadrant Finance Partners ("QFP") provided the Sponsor a creative financing solution that allowed the Sponsor to execute their business plan. QFP will release the collateral and allow Landes to sell each asset individually, paying down the debt and returning excess profits to the Sponsor. The Landes Group has a strong history with investment-grade single tenant users, and along with their affiliates, have executed on over $16 billion in similar transactions since their inception.