MHCommercial Real Estate Fund And Waterfall Asset Management Refinance Office In Palm Beach Gardens For $43M

The property involved is an office asset located at 11760 Us Route 1, Palm Beach Gardens, with a total area of 243,000 square feet. The transaction involves a refinance loan amounting to $43,000,000, characterized by a five-year loan term.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $43,000,000
• Loan Amount: $43,000,000
• Loan Type: Refinance
• Loan Terms: five-year
• Market: Palm Beach Gardens
• Landlord: Neil E. Merin & Jordan C. Paul - MHCommercial Real Estate Fund; Tom Capasse - Waterfall Asset Management
• Brokers: David Gahagan & Chandler Kaye - NorthMarq

The deal was facilitated by NorthMarq, which arranged the refinance loan through Deutsche Bank. The landlord entities involved are the MHCommercial Real Estate Fund, represented by Neil E. Merin and Jordan C. Paul, along with Tom Capasse from Waterfall Asset Management.