Hospitality - Debt

NorthMarq Capital

NorthMarq’s Seattle office secured the $6.725 million refinance of Dimond Center Hotel in Anchorage, Alaska

SEATTLE, WASHINGTON (April 23, 2019) – Jake Leibsohn, vice president and Bob Spiro, senior vice president of NorthMarq’s Seattle-based regional office arranged the refinancing of $6,725,000 for Dimond Center Hotel, a 109-room hospitality property located at 700 East Dimond Center in Anchorage, Alaska. The transaction was structured with a fully-amortizing 15-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. The property is connected to a nearby shopping center, is within a 15-minute drive of Alaska Zoo and University of Alaska – Anchorage. It also enjoys close proximity to Alaska Airlines Center (5.8 miles) and Dimond Center (0.4 miles). 

“NorthMarq’s correspondent lender was able to provide a combination of flexible terms and a highly competitive interest rate that fit with the borrower’s business plan,” said Leibsohn. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.