Golden Shoppes

Transaction Overview
Compass Commercial Mortgage, Inc. (“Compass”), the exclusive commercial real estate financing consultant for Golden Shoppes (“GS”), successfully closed on the $7,650,000 refinancing of a retail / automotive retail center located in West Palm Beach, Florida. The subject consists of three (3) one-story, retail / automotive retail buildings containing approximately 39,334 ± Rentable SF and situated on a 6.53 ± Acre parcel.

Compass Role
Compass assisted GS by negotiating superior loan terms which accomplished all of the following (i) advanced significant cash-out proceeds to the Borrower for capital improvements, (ii) recast the debt for a new 7-year term over a 30-year amortization schedule (the existing loan was amortized over a 25-year schedule), (iii) negotiated a competitive interest rate spread and guided the client through the SWAP process, and (iv) successfully managed the loan closing process saving the client tens of thousands of dollars in third party costs, documentary stamps, and intangible taxes.

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.