NorthMarq Capital’s Richmond office finances permanent loan of $12.2 million for Country Inn & Suites in Virginia Beach, Virginia
Country Inn & Suites
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 Country Inn & Suites located at 1801 Atlantic Avenue in Virginia Beach, Virginia. The 114 guest room hotel, consisting of eight stories, was built in 1983. It was converted in 2010 from a Howard Johnson’s to Country Inn & Suites.
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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.
