February 11, 2016

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

Marriott Courtyard

Debt & Equity

Multi-Tenant

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.

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.