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