NEW YORK—PMZ Realty Capital LLC introduced that it organized acquisition financing for the Vacation Inn & Suites Albuquerque Airport, situated in Albuquerque, New Mexico. The $9 million acquisition mortgage used to be equipped by way of a lifestyles insurance coverage corporate and can permit the landlord to finish the purchase and a $3.5 million assets development plan at the resort.
“With the volatility of rates of interest in as of late’s marketplace, we checked out many various kinds of lenders to search out a good looking maintain favorable phrases,” stated Peter Berk, president, PMZ Realty Capital. “In the long run, we recognized a lifestyles insurance coverage corporate.”
The four-story 121-room Vacation Inn & Suites Albuquerque Airport is situated close to the Albuquerque World Reinforce Airport, Albuquerque Conference Middle, College of New Mexico, and Sandia Labs. Every guestroom comes with flat-screen TVs, a piece table with lamp, microwave, refrigerator, and complimentary WiFi. The resort has an airport go back and forth, an on-site industry heart, and a health club with an indoor heated pool.
With over 75 years of blended enjoy, PMZ Realty Capital is a contributor to business publications and meetings.