Hospitality - Debt

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 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.