Hospitality - Debt

NorthMarq Capital arranges $11 million financing for the Hilton Garden Inn located in Rochester, New York

ROCHESTER (October 22, 2013) – Sam Berns, managing director of NorthMarq’s Rochester regional office, arranged financing of $11 million for the Hilton Garden Inn, located 155 East Main Street, Rochester, NY. Financing was based on a 7-year term and a 25-year amortization schedule. NorthMarq arranged the financing for the borrower through its relationship with a correspondent life company. “American National provided a fixed rate construction/permanent loan,” said Berns. “This hotel represents the newest addition to Rochester’s Central Business District. The Hilton Garden Inn will meet the demands of the adjacent convention center and other Rochester Central Business District demand generators.”

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 more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.