Hospitality - Debt

NorthMarq Capital arranges construction financing of $28 million for 176-key hotel in Charlotte, North Carolina

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.