NorthMarq Capital arranged $8.5 million mortgage for Marriott Courtyard in Kingston, New York
Marriott Courtyard
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.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
