NorthMarq Capital’s Los Angeles office arranges $4.2 million refinance of Best Western in Mammoth Lakes, California

Best Western in Mammoth Lakes

Debt & Equity

Multi-Tenant

LOS ANGELES (November 30, 2016) – Mark Dodson, vice president of NorthMarq Capital’s Los Angeles-based regional office, arranged the $4.2 million refinance of a 73-room Best Western located in Mammoth Lakes, California. The transaction was structured with a 10-year fixed rate term with a 7-year rate reset and 17-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “The borrower was interested in paying down the principal faster and having a longer-term loan than what was available through his bank,” explained Dodson. “NorthMarq was able to meet his requirements through its correspondent relationship with a life insurance company who had previously done a hospitality transaction in this market.”

View Available Hospitality Listings

About Northmarq

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.