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, 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.
