Dec 31, 2024
Deal Closed! $8.9 Million Towards the Refinance of a Multifamily Property in St. Louis, MO
Stabilis is pleased to announce the closing of a $8,850,000 senior-secured bridge loan for the refinance of a multifamily property in St. Louis, MO.
Stabilis funded a borrower facing a tight, year-end closing deadline and was able to fund in 3 weeks. Stabilis provided the borrower cash-out. The borrower has recently invested a significant amount in CapEx, improving the desirability of the property. The property has strong in-place cash flow and high occupancy.
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