Axiom Capital Corp. has arranged $10,500,000 in permanent financing for the refinance of a 51,000 SF freestanding grocery store building in Burlington, MA. The non-recourse loan was for 10 years at a fixed rate and demonstrated a sub 65% LTV amortized over 30 years.
The Property is strategically located immediately off Exit 32 of I-95/Route 128 in Burlington, MA. Exit 32 is the Burlington 128/95 Middlesex Turnpike Interchange and is one of the busiest retail corridors in suburban Boston. The Property is directly adjacent to Middlesex Commons, a 245,510 square foot shopping center, and less than ½ mile from the 1.3 million square foot Burlington Mall.
H Mart is an Asian American supermarket chain operated by the Hanahreum Group headquartered in Lyndhurst, New Jersey. The chain, with locations throughout the United States and Canada, specializes in providing Asian foods. The chain also operates several Super H Mart stores in the U.S. H Mart is the largest Asian American grocery store with 63 locations nationwide.