Hospitality - Debt

NorthMarq Capital’s Richmond office finances permanent loan of $5.45 million for Comfort Suites in Chesapeake, Virginia

RICHMOND (March 31, 2015) – Mike Lowry, senior vice president and Keith Wells, managing director, of NorthMarq Capital’s Richmond based regional office arranged a permanent loan for a 124 room Comfort Suites located at 1550 Crossways Boulevard in Chesapeake, Virginia that recently was completely renovated. NorthMarq arranged financing for the borrower through its relationship with a national CMBS lender.

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.