Hospitality - Debt

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.”

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.