Daniel Karp Secures $16.8M Acquisition Loan For Retail Property On East Indiantown Road, Jupiter

A retail property located at 287 East Indiantown Road in Jupiter recently closed in a transaction. The property spans a total of 55,046 square feet. The acquisition loan for this property amounted to $16,800,000. The loan is categorized as an acquisition loan and comes with a 10-year term. The first three years of the loan will require interest-only payments, followed by a 30-year amortization schedule. The deal was facilitated by Daniel Karp from Northmarq.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $16,800,000
• Address: 287 East Indiantown Road
• Market: Jupiter
• Square Footage: 55,046

Daniel Karp from Northmarq played a pivotal role as the broker in this transaction. Their expertise and knowledge were crucial in bringing this deal to a successful close.