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February 23, 2017

Newmark

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Homewood Suites in Richland

Newmark arranged financing for an $11.7 million loan facility for a new Homewood Suites in Richland. Newmark's Demetri Koston (in Spokane) and Skip Slavin (in Seattle) put the deal together, assisted by Michael Heagerty of Newmark's main office in San Francisco. The loan carries a 10-year fixed rate with a 25-year amortization period. The 115-room hotel was completed in 2015, and serves business travelers and tourists.




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