March 26, 2025
Deal Closed! $17.5m Towards the Acquisition of a Marriott Residence Inn in Middletown, NY.
Stabilis is pleased to announce the closing of a $17,500,000 senior-secured bridge loan for the acquisition of a Marriott Residence Inn in Middletown, NY.
Stabilis funded an experienced borrower looking to acquire the 125-key hotel. The property has strong in-place cash flow and is outperforming its comp set in occupancy, ADR, and RevPAR.
Stabilis was able to provide funding in two weeks as the borrowers bank syndicate fell through last minute.
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