NorthMarq Capital’s Cincinnati office arranges acquisition financing of $1,628,000 for America’s Best Value Inn in Marion, Indiana
America’s Best Value Inn
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.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
