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SMITHTOWN, N.Y. — NorthMarq Capital has secured $11.38 million in first-mortgage financing for the Sheraton Long Island Hotel, a 209-unit hotel located in Smithtown. The financing consists of a bridge loan with a 3-year term and interest-only payments. It was arranged by Gary McGlynn with NorthMarq’s Washington, D.C., office. The borrower was a Washington, D.C.-based client and the lender was one of NorthMarq’s correspondent life insurance companies.