Hospitality - Debt

NorthMarq Capital’s Washington, D.C. office provides permanent loan of $11.2 million for TownePlace Suites Frederick in Frederick, Maryland

WASHINGTON, D.C. (August 18, 2015) – Gary McGlynn, senior vice president/managing director of NorthMarq Capital’s Washington, D.C. based regional office negotiated the $11.2 million permanent loan for TownePlace Suites Frederick, a 120 unit LEED Certified hospitality property located at 5050 Westview Drive in Frederick, Maryland.

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.