Stabilis demonstrated its financial prowess by successfully funding the acquisition of a lucrative Las Vegas hotel portfolio in March 2022, amounting to $43.5 million. Notably, the portfolio has a track record of surpassing its competitors in key performance indicators such as occupancy, ADR, and RevPAR. Stabilis, known for its efficiency, met the borrower’s demanding acquisition timeline, securing funding in less than 30 days. As a testament to the collaboration, Stabilis paid a broker fee of 1.0% of the loan amount upon closing.
- Property Type : Hotel
- Loan Type : Bridge Loan
- State : Virginia
- City : Norfolk
- Funded Amount : $7,750,000