Hospitality - Debt

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. 

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.