Northmarq arranges $14.4M refinance of Residence Inn in Richmond, VA
Residence Inn Midtown/Glenside
RICHMOND, Va. – Keith Wells, managing director, and Win Martin, associate, of Northmarq’s Richmond Debt + Equity team, successfully placed $14.4 million in refinancing for the 119-room Residence Inn by Marriott, located off Glenside Drive in Henrico, Virginia. The permanent fixed-rate life company loan features a 5-year term and a 30-year amortization.
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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.
