NorthMarq Capital arranges $8.9 million refinance of retail plaza in Boca Raton, Florida

Village Plaza

Debt & Equity

Multi-Tenant

MIAMI (January 11, 2016) – Jordan Hopkins, vice president of NorthMarq Capital’s Miami-based regional office finalized the $8.9 million refinance of Village Plaza, a 34,862 sq. ft. retail property located at 690-698, 710 & 714 Yamato Road in Boca Raton, Florida. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Major tenants include: Starbucks, AT&T, Subway, Supercuts, McDonalds and Chase. “This was a trophy asset in a great location with a good mix of credit and local tenants,” said Hopkins. “We were able to take advantage of the volatile treasury yields and secure an aggressive rate on a non-recourse basis for a 10-year term to meet the borrower’s requirements.”

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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.