Stabilis is pleased to announce the closing of a $7,750,000 senior secured bridge loan for the acquisition of two Choice-flagged hotels in Norfolk, VA.
The borrower’s bank lender fell out and Stabilis was able to step in and close in 3 weeks. This was the borrower’s first major hotel purchase and they had a strong business plan for the assets. The properties are well-located and have strong year-round demand drivers.
