Hospitality
Debt & Equity

NorthMarq Capital’s Cincinnati office arranges acquisition financing of $1,628,000 for America’s Best Value Inn in Marion, Indiana

CINCINNATI (May 19, 2016) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged acquisition financing of $1,628,000 for a 60-room America’s Best Value Inn located at 6138 East Corridor Drive in Marion, Indiana. The transaction, arranged for a first time, out-of-market buyer via the USDA financing program, was structured at 80 percent loan-to-cost and included a fully amortizing 30-year term and flexible prepay structure.

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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America’s Best Value Inn
Debt
$1,628,000