NORTHMARQ SECURES $6.1 MILLION HOTEL LOAN

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CARTER LAKE, IOWA — NorthMarq Capital has secured $6.1 million in first-mortgage financing for the Country Inn & Suites – Airport, an 87-room hotel located in Carter Lake. The loan was based on a 5-year term with a 25-year amortization schedule. Gary Rifkin of NorthMarq’s Omaha office arranged the financing on behalf of the borrower, Keystone Properties III, with General Electric Capital Corp. – Franchise Finance.

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