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 an industry-leading 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 an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.