NorthMarq provides $32,250,000 in acquisition financing for boutique hotel in Los Angeles

The Orlando Hotel

Debt & Equity

Multi-Tenant

SEATTLE, WASHINGTON (August 25, 2021) – Jake Leibsohn, vice president of NorthMarq’s Seattle office, arranged $32,250,000 in bridge financing for the acquisition of The Orlando Hotel. The bridge loan was sourced for Timberlane Partners through NorthMarq’s relationship with a debt fund.

The 95-key, boutique hotel is located at 8384 West 3rd Street in Los Angeles, California between The Grove shopping center and Cedars-Sinai medical center. The property was originally built in 1984 and features a large ground-floor food and beverage space, large suites, valet parking, and a pool.

“Hospitality lenders have been very selective since the start of the pandemic. However, we were able to get the lender comfortable with this transaction because of the prominent location and Timberlane’s excellent track record with hotels,” said Leibsohn. “Everyone involved played a crucial role in making this a smooth process.”

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About Northmarq

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.