Hospitality - Debt

Randy Wolfe arranges $16 million construction loan for City Centre-AC Marriott in Huntsville, Alabama

ATLANTA, GEORGIA (January 21, 2017) – Randy Wolfe, Managing Director of NorthMarq’s Atlanta-based regional office arranged the construction loan for City Centre-AC Marriott, a 120-room hospitality property to be built in Huntsville, Alabama. The transaction was structured with a 3-year primary term interest-only with a 2-year extension option. NorthMarq arranged financing for the borrower through its relationship with a regional bank.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.