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 worked with our franchisees for over two decades financing all of the Hilton brands.  They have extensive experience with our brands and in the capital markets and have provided outstanding customer service.  Their business consistently finds creative financing solutions for our licensees, which, in turn, helps the Hilton Franchise Development Team achieve our growth objectives. PMZ brings trust and commitment to our franchisees.  We look forward to continuing our relationship with PMZ and recommending them to our franchisees in the future.

Bill Fortier
Senior Vice President Development, Hilton Worldwide