NorthMarq’s Phoenix CRE team arranges $1.43 million refinance of Fallbrook Econo Lodge Inn & Suites in Fallbrook, California
Econo Lodge Inn & Suites
PHOENIX, ARIZONA (December 12, 2019) – Griffin Martin, senior producer/vice president of NorthMarq’s Phoenix office secured the $1.43 million refinance of an Econo Lodge Inn & Suites. The hospitality property is located at 1608 South Mission Road in Fallbrook, California.
Financing Details:
- Loan term of 5+5 years
- 20-year amortization schedule
- Permanent-fixed loan
- NorthMarq arranged financing for the borrower through its relationship with a regional bank.
Property Details:
- The property contains 36 rooms
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.
