September 21, 2013

NorthMarq Capital arranged $9.5 million mortgage for Four Points by Sheraton in San Diego, California

Four Points by Sheraton

Debt & Equity

Multi-Tenant

SAN DIEGO (August 21, 2013) – Doug Austin, vice president of NorthMarq ‘s San Diego regional office, arranged first mortgage refinancing of $9.5 million for Four Points by Sheraton located at 8110 Aero Drive in San Diego, California. This asset is a 225-room full-service hotel with convention facilities and is situated on a 19.27 acre 40-year ground lease. The City of San Diego owns the land. Financing was based on a 10-year term and a 27-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a CMBS lender.

Available Hospitality properties

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.