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title: Closed! Mixed-Use Ithaca, NY
---

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### May 29, 2026 Deal Closed! $23.3m Towards the Refinance of a Mixed-Use Asset in Ithaca, NY.

![Seneca Place](https://www.stabiliscap.com/hs-fs/hubfs/Seneca%20Place.jpeg?width=588&height=392&name=Seneca%20Place.jpeg)

Stabilis is pleased to announce the closing of a $23,300,000 senior-secured bridge loan for the refinance of a mixed-use asset in Ithaca, NY.

Stabilis funded an experienced borrower looking to refinance the existing debt on a mixed-use asset, comprised of a 104-key Hilton-branded hotel and 102k SF of retail/commercial space. The property benefits from strong in-place cash flow, proximity to Cornell University, and is considered to be a premium offering in the market. Stabilis was able to provide certainty of financing.

Contact: Joe Podesta, 212-256-8979, josephpodesta@stabiliscap.com

$2M - $100M  
Loan Amount

SOFR + 3.00%  
Starting Rate

12-24 Months  
Duration

1st Position  
Senior Secured

Loan Buyer  
Performing/Sub-performing