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.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
