NorthMarq’s Phoenix CRE team arranges $1.43 million refinance of Fallbrook Econo Lodge Inn & Suites in Fallbrook, California
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
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
