NorthMarq Capital arranges construction financing of $28 million for 176-key hotel in Charlotte, North Carolina
Select Service Hospitality Property
CHARLOTTE (June 29, 2018) –Mark Ebersold, vice president of NorthMarq Capital’s Charlotte regional office, arranged a $28 million construction loan for 176-key Select Service hospitality property located in the Central Business District of Charlotte, North Carolina. NorthMarq arranged financing for the borrower through its relationship with a local bank lender and a New York-based mezzanine lender.
“The property is part of the mixed-use development known as Stonewall Station that includes Whole Foods, 458 multi-family units, a 1,350 parking deck and a 180-key Home2Suites,” said Ebersold.
“The property is part of the mixed-use development known as Stonewall Station that includes Whole Foods, 458 multi-family units, a 1,350 parking deck and a 180-key Home2Suites,” said Ebersold.
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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.
