NEW YORK—PMZ Realty Capital LLC introduced that it organized acquisition financing for the Vacation Inn & Suites Albuquerque Airport, positioned in Albuquerque, New Mexico. The $9 million acquisition mortgage was offered by a life insurance coverage firm and can enable the proprietor to finish the acquisition and a $3.5 million property enchancment plan on the lodge.
“With the volatility of rates of interest in right this moment’s market, we checked out many various kinds of lenders to seek out a gorgeous cope with favorable phrases,” stated Peter Berk, president, PMZ Realty Capital. “Finally, we recognized a life insurance coverage firm.”
The four-story 121-room Vacation Inn & Suites Albuquerque Airport is positioned close to the Albuquerque Worldwide Help Airport, Albuquerque Conference Heart, College of New Mexico, and Sandia Labs. Every guestroom comes with flat-screen TVs, a piece desk with lamp, microwave, fridge, and complimentary WiFi. The lodge has an airport shuttle, an on-site enterprise heart, and a health heart with an indoor heated pool.
With over 75 years of mixed expertise, PMZ Realty Capital is a contributor to trade publications and conferences.