December 30, 2024
Deal Closed! $6.8m Towards the Acquisition of a Truck Stop in Walton, GA.
Stabilis is pleased to announce the closing of a $6,825,000 senior-secured bridge loan for the acquisition of a truck stop asset in Walton, Georgia.
Stabilis funded a borrower looking to acquire a truck stop in a prime location, just off US-78, and adjacent to multiple distribution and manufacturing facilities. The property is the only truck stop in the immediate area. The property has strong in-place cash flow, and the sponsor owns and operates several truck stops in the Southeast United States.
Contact: Juan Robayo, 212-256-8968, juanrobayo@stabiliscap.com
$2M - $75M
Loan Amount
SOFR + 5.49%
Starting Rate
12-24 Months
Duration
1st Position
Senior Secured
Loan Buyer
Performing/Sub-performing