NorthMarq’s Tampa office secures $6.7 million refinance of Hampton Inn in Stone Mountain, Georgia
Hampton Inn
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.”
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
