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.
– 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.
– The property contains 36 rooms