January 11, 2017

NorthMarq Capital’s Los Angeles office secures $3 million refinance of La Quinta Inn and Suites in Las Vegas, Nevada

La Quinta Inn & Suites

Debt & Equity

Multi-Tenant

LOS ANGELES (January 11, 2017) – David Blum, senior vice president/senior director of NorthMarq Capital’s Los Angeles-based regional office, negotiated the $3 million refinance of a La Quinta Inn and Suites located at 4288 North Nellis Boulevard in Las Vegas, Nevada. The transaction was structured with a 6-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a Credit Union. “NorthMarq was able to overcome several challenging aspects of this transaction including Las Vegas hospitality, which featured cash-out and pre-payment flexibility,” said Blum.

Available Hospitality properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.