NORTHMARQ ARRANGES REFINANCING FOR HOUSTON HOTEL

by admin

HOUSTON — NorthMarq Capital has arranged first mortgage refinancing for the 92-room Med Center Extended State Limited Service Hotel, located at 3134 Old Spanish Trail in Houston. Warren Hitchcock of NorthMarq's Houston office arranged the 10-year loan with a 25-year amortization schedule through a CMBS lender on behalf of the borrower, Med Center Hospitality LLC. The hotel has an occupancy above 75 percent.

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