Hospitality - Debt

NorthMarq Capital arranges acquisition financing of $1.415 million for South Dakota Days Inn

PHOENIX – Griffin Martin, vice president of NorthMarq Capital’s Phoenix based regional office arranged acquisition financing of $1.415 million for a Days Inn property located at 1311 River Drive in North Sioux City, South Dakota. The transaction was structured with a fully amortized 25-year term. NorthMarq arranged financing for the borrower through its relationship with a regional bank.

“We were able to meet the borrower’s expectations and deliver a high leverage loan on a hotel in a small market,” said Martin.

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.