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 Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

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.

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