Northmarq completes $6,084,000 construction loan for Village of Golf Commerce Park – Phase I in Boynton Beach, Florida

Village of Golf Commerce Park

Debt & Equity

Multi-Tenant

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.

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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.