Hospitality - Debt

NorthMarq Capital arranged $8.5 million mortgage for Marriott Courtyard in Kingston, New York

OMAHA (February 19, 2013) – Jason Kinnison, vice president, of NorthMarq’s Omaha-based regional office, arranged first mortgage refinancing of $8.5 million for Marriott Courtyard, an 89-room limited service hotel located in Kingston, New York. Financing was based on a 10-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a CMBS lender.

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.