Northmarq Capital arranges $8.5 million refinance for Country Inn
NorthMarq Capital, Inc. has completed the $8.5 million refinance of two Country Inn and Suites properties located in northern and southern Georgia that together provide 150 guest rooms.
"Our client, a Georgia developer with a small hotel portfolio, sought a cash out refinance during the recent turbulence in the CMBS market," said Dimpesh Darjee, vice president in NorthMarq's New Jersey Regional office.
According to Darjee, NorthMarq identified a conduit lender who provided a 10-year loan with 25 years of amortization.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 341 5th Ave., a mixed-use building located in Park Slope for $2.81 million. The transaction was negotiated by Derek Bestreich, Luke Sproviero,
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of