Northmarq arranges $6M refinance of Hilton Garden Inn in Suffolk, VA
Hilton Garden Inn - Suffolk, VA
SUFFOLK, Va. (Jan. 13, 2023) — Mike Lowry, senior vice president of Northmarq’s Richmond Debt + Equity team arranged a $6 million external refinance for the Hilton Garden Inn. Built in 2009, the 101,212-sq.-ft. hotel sits on 3.58 acres at 5921 Harbour View Blvd in Suffolk, Virginia. The permanent fixed-rate loan features a 5-year term and a 30-year amortization schedule. Northmarq secured the financing through a regional bank.
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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.
