{"id":1004375747,"date":"2019-12-13T08:15:52","date_gmt":"2019-12-13T16:15:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004375747"},"modified":"2019-12-13T08:15:52","modified_gmt":"2019-12-13T16:15:52","slug":"miami-area-office-building-gets-13m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/miami-area-office-building-gets-13m-refi\/","title":{"rendered":"Miami-Area Office Building Gets $13M Refi"},"content":{"rendered":"<div id=\"attachment_1004375774\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Quantum-Technology-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004375774\" data-attachment-id=\"1004375774\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/miami-area-office-building-gets-13m-refi\/quantum-technology-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Quantum-Technology-Center.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Quantum Technology Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Quantum Technology Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Quantum-Technology-Center.jpg?w=640\" class=\"wp-image-1004375774 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Quantum-Technology-Center.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Quantum-Technology-Center.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Quantum-Technology-Center.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004375774\" class=\"wp-caption-text\">Quantum Technology Center<\/p><\/div>\n<p>NorthMarq has arranged a refinancing loan of $12.5 million for Quantum Technology Center in Boynton Beach, Fla, on behalf of the owner, Fox Ridge Capital. The bridge loan has a five-year term, with three years of interest-only payments and a 25-year amortization schedule.<\/p>\n<p>Located at 3301 Quantum Blvd., Quantum Technology Center was originally completed in 1995 and renovated in 2018. The bridge loan provides funds for further capital and tenant improvements. The center is fully leased, with academic medical center NYU\/Langone Health occupying half of the space on a long-term basis.<\/p>\n<p>The 100,000-square-foot property, located on an 8.2-acre lot, is 2 miles from Interstate 95 and the Boynton Beach train station. The surrounding area includes several retail options, such as Boynton Town Center shopping center, which is within 2 miles of the building.<\/p>\n<p>The refinancing deal was arranged by Paul Whalen, vice president at NorthMarq\u2019s Miami regional office. Recently, the firm negotiated a <a href=\"https:\/\/www.commercialsearch.com\/news\/northmarq-arranges-financing-for-utah-office-portfolio-acquisition\/\">$19.4 million acquisition loan<\/a>&nbsp;on behalf of Dakota Pacific, which acquired 179,466 square feet of office space in Provo, Utah.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bridge loan was arranged by NorthMarq and has a five-year term, with three years of interest-only payments.<\/p>\n","protected":false},"author":868,"featured_media":1004375774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1492,21742,21747],"tags":[36351,34291,40524,34879],"class_list":["post-1004375747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-miami","category-latest","category-office","tag-capital-improvement","tag-northmarq-capital","tag-nyu-langone-medical-center","tag-paul-whalen"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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