NorthMarq Capital’s Jacksonville office arranges $20 million refinance of Hampton Inn Savannah Historic District in Savannah, Georgia
JACKSONVILLE - Joel Coykendall, senior vice president/ managing director of NorthMarq Capital’s Jacksonville regional office, arranged refinancing of $20,000,000 for Hampton Inn Savannah Historic District, a 147-unit hospitality property in Savannah, Georgia. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through a conduit – CMBS lender.
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.
