PGA National Commerce Park

Transaction Overview
Compass Commercial Mortgage, Inc. (“Compass”), the exclusive commercial real estate financing consultant for Decorator’s Unlimited (“DU”), successfully closed on the $3,000,000 refinancing of their light industrial flex building located in Palm Beach Gardens, Florida.  Improvements consist of a two-story, flex building containing approximately 15,692 ± Rentable SF situated on a 1.06 ± Acre parcel.  The improvements were constructed in 1987 and substantially renovated in 2023.  At closing, the property was 100.00% leased and occupied by three (3) tenants.

Compass Role
Compass assisted DU by negotiating loan terms which accomplished all of the following objectives (i) advanced agressive cash-out proceeds, (ii) negotiated competitive owner-occupied financing without the guarantee of the operating company, (iii) secured a competitive five (5) year fixed interest rate and term with an additional five (5) year extension option, (iv) secured a 30-year amortization period to maximize company cash flows, (v) negotiated a limited two-year prepayment penalty, and (vi) proactively managed the loan process, closing on the new loan within 45-days of application.

About Compass
Compass is a full-service boutique commercial mortgage brokerage operating for Borrowers since 1996 and specializing in the professional underwriting, packaging, negotiation, and placement of commercial real estate debt throughout the State of Florida and nationwide. We believe commercial real estate finance to be an active process. We remain fully engaged in each transaction from the first conversation to the loan closing. It is specifically this attention to detail that leads to superior outcomes for our clients, including better loan terms and structure, rapid execution, lower interest rates, and reduced closing costs.