Hospitality - Debt

NorthMarq Capital

NorthMarq’s Tampa office secures $6.7 million refinance of Hampton Inn in Stone Mountain, Georgia

TAMPA, FLORIDA (February 7, 2019) – Lauren Hanley, vice president and Bob Hernandez, senior vice president/managing director of NorthMarq’s Tampa-based regional office, arranged the $6.7 million refinance of a 112-key limited-service Hampton Inn by Hilton.

The property is located at 1737 Mountain Industrial Boulevard in Stone Mountain, Georgia within the Atlanta MSA. The non-recourse, floating rate bridge loan was structured with an interest-only initial term plus extension options.

“NorthMarq was pleased to secure the refinance on behalf of the client, an experienced hotel owner,” said Hanley. “The loan accommodated the borrower’s business plan, allowing for funding of ongoing improvements at the property and an equity recapitalization.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.