02.28.15

PMZ Realty Capital LLC Arranges $10 Million Non-Recourse Loan for Hampton Inn & Suites Jacksonville South

PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structure for their clients, has arranged a $10 million dollar non-recourse loan for the Hampton Inn & Suites in Jacksonville, Florida. The loan has a low fixed interest rate for a period of 10 years and the closing was completed within 30 days to pay off the existing loan.
“This non-recourse loan offers our client the ability to leverage their cash flow in a positive way and refinance their loan with more advantageous terms,” stated Peter Berk, President, PMZ Realty Capital-Hotel Finance Group. “PMZ was able to negotiate this deal with the client’s best interest in mind and secure a low fixed interest rate over the span of 10 years. We were also able to move quickly and efficiently during the short close time period and that speaks highly to the experience we have in the market and with these types of deals.”

Known for its “Sunny Hospitality”, the Hampton Inn & Suites Jacksonville South is a located in close proximity to Jacksonville Beach and Ponte Vedra beach, which is home to the PGA Tour’s THE PLAYERS Championship. Featuring 5 floors of 103 guest rooms with 29 suites, the hotel was designed to satisfy their guest’s every want and need. The property has large work spaces, high speed internet access and signature Serta Cloud Nine beds to offer an unforgettable Hampton experience and a perfect stay in the Sunshine state of Florida. Nearby to the hotel is a variety of shops, restaurants and outdoor activities such as the World Golf Village and the St. John’s Town Center. The Hampton Inn & Suites Jacksonville South is a top destination for family vacationers, business travelers and avid golfers.

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 Peter Berk, President, PMZ Realty Capital LLC at (212) 277-8265.

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.

The loan arranged by PMZ allowed us to retire our existing financing and provided a stabilization period for the Embassy Suites now that the renovation is complete. By providing us with multiple financing options, PMZ helped us find the best lender suited to our specific needs.

David Marvin
Founder and President, Legacy Property Group