Northmarq announces $5.8 million construction loan for Hallandale Beach, Florida Guidepost Montessori school

Guidepost Montessori
Debt & Equity
Multi-Tenant
Other
Construction Loan
Bank
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NEW YORK CITY, NEW YORK (April 14, 2023) — Northmarq’s Keith Braddish, senior vice president/managing director in the New York office, and Bob Harrington, vice president in the Fort Lauderdale office, collaborated to secure a $5.8 million loan for the construction of a Guidepost Montessori school to be built at 214 East Hallandale Beach Boulevard in Hallandale Beach, Florida. Northmarq arranged the financing through Amerant Bank on behalf of the borrower, a South Florida-based family office focused on a diverse portfolio of real estate investments. The construction/mini-perm loan is structured with a two-year term. 

“Amerant Bank offered the most competitive terms with two mini-perm options, while getting comfortable underwriting the credit of the tenant,” said Braddish.

Conveniently located between Fort Lauderdale and Miami, Hallandale Beach offers an urban feel close to many restaurants, coffee shops, and parks. The new Guidepost Montessori school will be approximately 19,968 sq. ft. situated on 1.05 acres, just off the bustling Hallandale Beach Boulevard.

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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.
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