HOTEL PROPERTIES IN KILLEEN RECEIVE $14.5M IN FINANCING

KILLEEN — NorthMarq Capital has arranged $14.5 million in first mortgage financing for two hotel properties in Killeen — a Holiday Inn and the Candlewood Suites of Killeen — totaling 170 rooms. Dhaliwal Enterprises borrowed the money based on a 5-year term with a 25-year amortization schedule. Rup Patel of NorthMarq’s Chicago office arranged the financing through NorthMarq’s relationship with a CMBS lender.