10.27.15

PMZ Realty Capital Arranges $10 Million Loan for Holiday Inn Express & Suites Meadowlands

PMZ Realty Capital, LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, has arranged a $10-million-dollar long term fixed rate loan at a favorable rate for the Holiday Inn Express & Suites Meadowlands in Carlstadt, New Jersey with Money Center Bank.

“This loan was unique because it has no FF&E Reserve being collected during the first six years,” stated Michael H. Sonnabend, Managing Member, PMZ Realty Capital. “We were able to work with a long time client to help them achieve a mid four percent interest rate at advantageous terms.”

The 100 key property is located just 10 miles from Times Square in New York City and minutes from Hoboken, Secaucus and Newark. Travelers can enjoy local attractions including American Dream Meadowlands, Izod Center, MetLife Stadium and Meadowland Racetrack, all located within a couple of miles as well as shopping a quick drive away at the Garden State Plaza Shopping Mall and Secaucus Outlets.

PMZ Realty Capital LLC is highly regarding within the hospitality industry for their integrity, creativity and advocacy on behalf of their clients. With over 75 years of combined experience, they are the industry experts and as such, are frequent contributors to industry publications and conferences. The firm approaches each assignment with passion, commitment and dedication to achieving the client’s objectives.

For more information about PMZ Realty Capital LLC or to contact the firm to finance your next hotel, contact Michael H. Sonnabend, Managing Member, PMZ Realty Capital LLC at (212) 277-8252.

About PMZ Realty Capital LLC
PMZ Realty Capital LLC is a boutique real estate investment banking firm that operates on a nationwide basis. Their advisory services are focused and highly specialized with the singular goal of creating the most advantageous capital structure for their clients. The firm focuses on debt and equity financing, note sales, joint ventures, recapitalizations and real estate advisory services. PMZ Realty Capital LLC is a national leader in hospitality financing and also has an extensive transaction history with other asset classes, including office, retail, self-storage, multi-family and industrial properties.

PMZ has refinanced a substantial portion of our portfolio: 18 loans for both limited and select service hotels across four states, in excess of $200 million total in-debt financing. I always value PMZ’s insight into the current state of the financing market. They are always responsive, enthusiastic and have in depth knowledge of the financing markets. I am confident that PMZ would add value as financial consultants/brokers from their experience in the hospitality industry.

Hasmukh (H.P.) Rama
Auro Hotels (Formerly JHM Hotels), Chairman of the Board