NorthMarq Capital’s Phoenix office arranges acquisition financing for the Holiday Inn Express in Granbury, Texas
Holiday Inn Express
PHOENIX – Griffin Martin, senior producer at NorthMarq Capital’s Phoenix regional office, arranged acquisition financing for a 64-unit Holiday Inn Express located at 1515 Plaza Drive in Granbury, Texas. The transaction was structured with a 10-year term on a 25-year amortization schedule. “The client was looking for a reliable execution with great terms and we were able to deliver both,” said Martin. NorthMarq arranged financing for the borrower through its relationship with a national bank.
About Northmarq
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.
