PMZ arranges $10M financing for New Jersey Holiday Inn

National real estate investment banking firm PMZ Realty Capital arranged a $10-million, long-term fixed-rate loan with Money Center Bank for the Holiday Inn Express & Suites Meadowlands in Carlstadt, N.J.

“This loan was unique because it has no FF&E reserve being collected during the first six years,” said Michael H. Sonnabend, managing member, PMZ Realty Capital. “We were able to work with a long-time client to help them achieve a mid 4 percent interest rate at advantageous terms.”

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.


The 100-room property is located 10 miles from Times Square in New York City and minutes from Hoboken, Secaucus and Newark. Travelers can access local attractions including American Dream Meadowlands, Izod Center, MetLife Stadium and Meadowlands Racetrack.