June 25, 2013

NorthMarq Capital arranged $12 million construction/mini perm for Hampton Inn & Suites in Orlando, Florida

Hampton Inn & Suites

Debt & Equity

Multi-Tenant

ORLANDO (June 25, 2013) – David Schofield and Andy Moses, senior directors of NorthMarq’s Orlando regional office, arranged financing of $12 million for a Hampton Inn & Suites located at 47 W. Columbia Street in Orlando, Florida. Financing was based on a 5-year construction/mini perm and a 25-year amortization schedule beginning in year 3. NorthMarq arranged this financing for the borrower, CJP Columbia Properties Hotel, LLC, through its relationship with a local bank. The developer successfully assembled several parcels adjacent to Orlando Health’s downtown campus and have subsequently rezoned and permitted the site for the Hampton development. This assemblage was a linchpin in the transaction since sites in the immediate vicinity of Orlando Health are very limited. Schofield and Moses said, “Identifying a local bank with first-hand knowledge of the demand generators surrounding the site was key in arranging the financial structure being requested by the developer.”

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.