September 21, 2020
Deal Closed! $22.1 Million Note-On-Note Financing
Stabilis Capital Management is pleased to announce the closing of a note-on-note financing transaction for a full-service flagged hotel in the Midwest during COVID-19. The $22,113,000 loan financed the acquisition of the first mortgage by a third party investor. The Stabilis team closed the transaction in under six weeks.
Contact: Brad Lyons, 212-256-8964, bradlyons@stabiliscap.com
$2MM - $75MM
Loan Amount
6.99%
Starting Rate
12-24 Months
Duration
1st Position
Senior Secured
Loan Buyer
Performing/Sub-performing