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September 21, 2020

Deal Closed! $22.1 Million Note-On-Note Financing

HYATT REGENCY BLOOMINGTON-MINNEAPOLIS $125 ($̶1̶7̶1̶) - Updated 2021 Prices & Hotel Reviews - MN, North America - Tripadvisor

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


7.99% + 2 Points
Starting Rate


12-24 Months
Duration


1st Position
Senior Secured


Loan Buyer
Performing/Sub-performing