The Real Deal Miami

Golden Bear Plaza owner gets $28M loan

Guggenheim gives mortgage to Equus for Palm Beach Gardens office park
July 23, 2014 02:15PM

Golden Bear Plaza

Golden Bear Plaza

The owner of a Palm Beach Gardens office park obtained a $28 million loan from Guggenheim.

Equus Capital Partners received the financing for its Golden Bear Plaza at 11760, 11770, 11780 and 11790 Highway 1, according to Wednesday’s written statement from commercial real estate services firm Cassidy Turley, which arranged the transaction. The three-building Class A park has 243,000 square feet of office space and a bank branch.

Financing terms were not disclosed.

Cassidy Turley executive managing director Philip Mudd and vice president Bradley Geiger secured the mortgage on behalf of Equus.

“Lenders were attracted to Golden Bear Plaza due to Equus’ strong institutional sponsorship and the property’s reputation as a premier office complex with beautiful Intracoastal and ocean views,” Geiger said. “Ultimately, Guggenheim was chosen as the lender because of their ability to offer Equus the most flexible deal structure.” — Eric Kalis