NorthMarq Capital’s Phoenix office negotiates $2.75 million refinance of Quality Inn in Chandler, Arizona
PHOENIX – Griffin Martin, senior producer of NorthMarq Capital’s Phoenix regional office, arranged the $2.75 million refinance of a 70-room Quality Inn (limited service) located at 255 North Kyrene Road in Chandler, Arizona. The transaction was structured with a conventional loan at a competitive interest rate and term and replaced maturing debt. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
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.
