Northmarq completes $6,084,000 construction loan for Village of Golf Commerce Park – Phase I in Boynton Beach, Florida
MIAMI LAKES, FLORIDA (June 8, 2022) – Northmarq’s Miami Lakes debt/equity office negotiated a $6,084,000 construction loan for Village of Golf Commerce Park – Phase I, located at the SE corner of Military Trail and Woolbright Road in Boynton Beach, Florida. The industrial flex/warehouse/storage yard property consists of 17 acres located within a much larger master planned development encompassing ~36 acres (19 acres of retail being developed by Stiles Corporation). Village of Golf Commerce Park will encompass three industrial flex buildings and four warehouses with outdoor storage areas totaling 100,358 sq. ft. of net rentable area and a 100,000 sq. ft. self-storage facility.
The construction loan was arranged with a 1-12 month extension period (mini-perm option) and structured with a 3-year interest-only term. Northmarq arranged financing for the borrower through its relationship with a commercial bank.
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.
