June 14, 2024

Deal Closed! $7.45m Towards The Refinance of a Holiday Inn Express-Flagged Hotel in Buffalo, NY.

Stabilis is pleased to announce the closing of a $7,450,000 senior secured bridge loan for the refinance and PIP of a Holiday Inn Express-flagged hotel in Niagara Falls, New York.

Stabilis funded a borrower looking to refinance existing debt and complete a property improvement plan on an 87-key Holiday Inn Express. Throughout underwriting, Stabilis worked with the borrower to structure a loan with a PIP reserve and an interest reserve to cover debt service. The property is in a strong market, and the borrower has significant experience acquiring and managing hospitality assets.

Contact: Juan Robayo, 212-256-8968, juanrobayo@stabiliscap.com