Hospitality - Debt

NorthMarq Capital

NorthMarq Capital’s Richmond office arranges permanent loan for Marriott Courtyard in Blacksburg, Virginia

RICHMOND (February 9, 2016) – Mike Lowry, senior vice president of NorthMarq Capital’s Richmond based regional office arranged permanent financing for Marriott Courtyard Hotel, a 96-unit hospitality property located at 105 Southpark Drive in Blacksburg, Virginia. The four-story, 96-guest room hotel was built in 2007. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.