Hospitality - Debt

NorthMarq Capital’s Washington, D.C. office arranges $10 million acquisition/construction loan for Staybridge Suites in Baltimore, Maryland

WASHINGTON, D.C. (February 12, 2016) – Gary McGlynn, senior vice president/managing director and Brendan Scanlon, vice president of NorthMarq Capital’s Washington, D.C. based regional office, arranged financing of $10 million for an acquisition/ construction loan for Staybridge Suites, a 103 key hotel property located at 17 Commerce Street in Baltimore, Maryland. Built in 1904, the building is one of Baltimore’s landmarks, registered at the Historic Society of Baltimore.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.