Northmarq’s Boston office completes acquisition financing of $16.75 million for Fresh Market Village in Jupiter, Florida

Fresh Market Village

Debt & Equity

Multi-Tenant

BOSTON, MASSACHUSETTS (March 21, 2022) – Daniel Karp, vice president of Northmarq’s Boston-based regional office, arranged acquisition financing of $16.75 million for Fresh Market Village. The 55,046 sq. ft. upscale grocery-anchored retail property (built in 1989 and last renovated in 2014) is located at 287 East Indiantown Road in Jupiter, Florida. The transaction was structured with a 10-year term with 3-years of interest only followed by a 30-year amortization schedule. Northmarq secured the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.

“The borrower chose this lender for their ability to offer a 30-year amortization along with 3-years of interest only at a higher leverage point than competitors,” said Karp.

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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.