February 19, 2013

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

Marriott Courtyard

Debt & Equity

Multi-Tenant

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.

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.