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OhioHospitality

NorthMarq closes $2.75 million loan for Ohio Holiday Inn Express

Staff Writer April 4, 2017
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Matt Marshall, vice president of NorthMarq Capital’s Boston regional office, closed acquisition financing of $2.75 million for the Holiday Inn Express & Suites in Bucyrus, Ohio.

The 40,380-square-foot property is located at 1575 N. Sandusky Ave.

The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged the financing for the borrower through its relationship with a CMBS lender.

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