Northmarq announces $5.8 million construction loan for Hallandale Beach, Florida Guidepost Montessori school
NEW YORK CITY, NEW YORK (April 14, 2023) — Northmarq’s Keith Braddish, senior vice president/managing director in the New York office, and Bob Harrington, vice president in the Fort Lauderdale office, collaborated to secure a $5.8 million loan for the construction of a Guidepost Montessori school to be built at 214 East Hallandale Beach Boulevard in Hallandale Beach, Florida. Northmarq arranged the financing through Amerant Bank on behalf of the borrower, a South Florida-based family office focused on a diverse portfolio of real estate investments. The construction/mini-perm loan is structured with a two-year term.
“Amerant Bank offered the most competitive terms with two mini-perm options, while getting comfortable underwriting the credit of the tenant,” said Braddish.
Conveniently located between Fort Lauderdale and Miami, Hallandale Beach offers an urban feel close to many restaurants, coffee shops, and parks. The new Guidepost Montessori school will be approximately 19,968 sq. ft. situated on 1.05 acres, just off the bustling Hallandale Beach Boulevard.
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
