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