November 6, 2024
Deal Closed! $6.5m Towards the Refinance of a Two Boutique Hotels in San Francisco, CA.
Stabilis is pleased to announce the closing of a $6,500,000 senior-secured bridge loan for the refinance of two boutique hotels in San Francisco, CA.
Stabilis funded a borrower looking to refinance the existing debt on two, 26-key boutique hotels. Throughout underwriting, Stabilis worked with the borrower to resolve complexities and develop an appropriate structure and interest reserve to cover debt service. The properties are in a strong submarket of San Francisco, and the borrower has significant experience owning and operating the properties.
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