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

287 East Indiantown Road
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This Retail property located in FL received a loan of $16,800,000 about 2 years ago. The broker of the deal was Daniel Karp

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.

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Deals
  • Location
    287 East Indiantown Road, Jupiter, Florida 33477, United States287 East Indiantown Road, Jupiter, Florida 33477, United States
  • Loan Value
    $16,800,000$16,800,000
  • Asset Type
    RetailRetail
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Daniel Karp

Daniel Karp

Deals3
Financed$58.4M

Agency

NorthMarq

NorthMarq

Agency
Deals467
Volume$21.6B

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Deal Summary

LOAN IMAGE: Daniel Karp DATE: 03/24/2022 ADDRESS: 287 East Indiantown Road MARKET: Jupiter ASSET TYPE: Retail ~ SF: 55,046 BROKER: Daniel Karp - Northmarq LOAN AMOUNT: $16,800,000 LOAN TYPE: Acquisition Loan LOAN TERMS: 10-year term with three years of interest-only payments followed by a 30-year amortization schedule

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287 East Indiantown Road

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