Case Real Estate Capital has received $13 million in financing for a portfolio of eight CVS properties from M&T Bank. The assets are located in Long Island, upstate New York, Connecticut and Massachusetts. Case originally bought the properties, which total approximately 85,000 square feet, without financing in September of 2015. The company purchased the note last fall and assumed ownership through a deed-in-lieu of foreclosure agreement. “We are pleased to offer financing to Case Real Estate Capital and applaud their efforts to stabilize these real estate assets,” said Mark Zurlini, vice president for M&T Bank. “We look forward to seeing Case achieve their investment goals for these CVS stores.”
