Jordan Hopkins of NorthMarq Capital’s Miami office closes $6.1 million refinance of Walmart Neighborhood Market Plaza in Boynton Beach, Florida
MIAMI (June 15, 2018) – Jordan Hopkins, vice president of NorthMarq Capital’s Miami regional office, arranged the $6.1 million refinance of Walmart Neighborhood Market Plaza, a retail property (consisting of a 41,400+/- sq. ft. Walmart Neighborhood Market and 4,988 sq. ft. of retail) located at 12658-12700 South Military Trail in Boynton Beach, Florida. The transaction was structured with a 3-year term (with 18-months of interest-only) on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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.
