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.”

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.