Northmarq continues Florida expansion with opening of new West Palm Beach office

WEST PALM BEACH, FLORIDA (March 13, 2023) — Northmarq has expanded its debt and equity platform in Florida with the addition of David Gahagan, managing director. Gahagan will open a debt and equity office located in West Palm Beach, where he will collaborate alongside the company’s Miami and Fort Lauderdale offices, led by Jaspaul Kapoor and Bob Harrington, respectively. The company is actively expanding its presence in the region, having opened the Miami office less than five months ago.

Gahagan brings more than three decades of experience providing financing solutions to commercial real estate developers, investors and owners across all asset classes. In his new role, Gahagan will work with institutional and middle market clients with customized solutions to achieve their investment goals whether it is short to medium term opportunities, portfolio financing or long-term core family holdings.

“Best-in-class execution and customer service throughout the life cycle of investments continues to be a differentiator for our clients amidst shifting market conditions,” said Jeff Erxleben, president – debt and equity. “We are especially pleased to have David join the Northmarq platform as our clients will substantively benefit from his knowledge, relationships and reputation with capital sources as we expand our coverage in Florida.”

Prior to joining Northmarq, Gahagan was Senior Director at Walker & Dunlop for nine years, and more recently managed the South Florida office of Grandbridge Real Estate Capital as Senior Vice President. Earlier in his career, Gahagan held production roles with Legg Mason Real Estate Services.

“I’m excited to open the West Palm Beach office for a company steeped in the tradition of serving Client needs first in a collaborative work culture. My career has been built on providing customers with best-in-class service while providing them with financing structures molded to meet their business objectives,” said Gahagan. “The Northmarq platform offers a wide array of financial services to the commercial real estate industry including agency, debt, equity and sales which further enhances my ability to meet and exceed customer goals and objectives in this rapidly evolving economic environment.”

Gahagan holds a bachelor’s degree from Furman University and a master’s degree in business administration with a finance concentration from the University of South Florida

He is an active member of the Mortgage Bankers Association (MBA), International Council of Shopping Centers (ICSC), National Multi-Housing Council (NMHC), and National Association of Industrial and Office Properties (NAIOP).