NorthMarq arranges $12.5 million bridge loan for Quantum Technology Center in Boynton Beach, Florida

Quantum Technology Center

Debt & Equity

Multi-Tenant

MIAMI, FLORIDA (December 12, 2019) – NorthMarq’s Miami-based regional office arranged refinancing of $12.5 million for Quantum Technology Center. The office property is located at 3301 Quantum Boulevard in Boynton Beach, Florida.

Financing Details:
- 5-year term (with 3-years of interest-only)
- 25-year amortization schedule
- NorthMarq arranged the bridge loan for the borrower through its relationship with a national bank. The loan repaid existing financing arranged by NorthMarq and provided funds for capital and tenant improvements.

Property Details:
- The property contains 100,000 sq. ft.
- QTC’s location features close proximity to major transportation routes and is convenient to retail, dining and other amenities which are important to employers in attracting the best available work force.
- The building is currently 100 percent leased with 50 percent of the space leased long term to NYU/Langone Health, one of the nation’s premier academic medical centers devoted to patient care, education and research.

Producer Quote:
“The success of Quantum Technology Center is a tribute to hard work by the building’s owner; invaluable assistance from The City of Boynton Beach and a flexibly structured loan from sophisticated lender.”

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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.