March 18, 2016

NorthMarq Capital’s Phoenix office arranges acquisition financing of $2.465 million for Comfort Inn & Suites in Lordsburg, New Mexico

Comfort Inn & Suites

Debt & Equity

Multi-Tenant

PHOENIX – Griffin Martin, vice president of NorthMarq Capital’s Phoenix based regional office arranged acquisition financing of $2.465 million for a 64-unit Comfort Inn & Suites property located at 400 Wabash Street in Lordsburg, New Mexico. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “We provided high-leverage financing for both the acquisition and property improvements,” said Martin. “In addition to the high-leverage request, we also had to complete the transaction in a very short timeframe while exceeding the borrower’s interest rate expectations.”

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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