PMZ Realty Capital LLC has closed a $6.5 million permanent loan for the SpringHill Suites by Marriott Jacksonville North I-95 Area in Jacksonville, FL. The financing was provided by a German bank and marks the seventh transaction with the same sponsorship group.
“The successful closing of this transaction underscores both the strength of the sponsorship and our ability to deliver tailored financing solutions in today’s evolving capital markets,” said Peter Berk, president of PMZ Realty Capital LLC. “We are proud to continue building on our longstanding relationship with this client and to secure a structure that supports the long-term performance of this high-quality asset.”
The 104-room hotel features all-suite accommodations with separate living and sleeping areas, a 24-hour business center, complimentary hot breakfast, free WiFi, a 24-hour Precor fitness center, outdoor pool and 24-hour market, as well as in-room amenities including 48-in. high-definition televisions, microwaves, mini refrigerators, ergonomic workspaces and more. The property is located near Jacksonville International Airport, with access to I-95, and is positioned to serve airport travelers, I-95 corridor traffic and Department of Defense guests, with nearby dining and attractions including the Jacksonville Zoo.
Another great transaction, Peter!