May 23, 2023
Deal Closed! $10.3m Towards the Refinance of Two Mixed Use Buildings
Stabilis is pleased to announce the closing of a $10,300,000 senior secured bridge loan for the refinance of two mixed-use buildings in New York, NY.
Stabilis provided certainty of financing to support for the refinancing process for a borrower in probate. The beneficiaries of the trust have significant experience owning and operating mixed-use and residential buildings in NYC. Both properties are extremely well-located and are 100% occupied.
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