Northmarq arranges $6M refinance of Hilton Garden Inn in 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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