NorthMarq Capital arranges $16.3 million refinance of Delray Crossing Retail Center
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.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
