NorthMarq Capital arranges $16.3 million refinance of Delray Crossing Retail Center
MIAMI (March 10, 2016) – Bill Johnson, senior vice president/managing director of NorthMarq Capital’s Miami office secured the $16.3 million refinance of Delray Crossing Retail Center, a 152,522 sq. ft. retail property located at 1100-1650 Linton Boulevard in Delray Beach, Florida. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Major tenants on the property include: HomeGoods, PGA Superstore, Dollar Tree, McDonald’s, Outback Steakhouse, and Steak ‘n Shake.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
