$7,800,000 Hotel Acquisition Bridge Loan

In September 2023, Stabilis swiftly provided $7.8 million in funding for the acquisition of two choice-flagged hotels in Norfolk, VA. The borrower, facing a tight closing timeline due to their bank dropping out, found the support they needed. Stabilis acted promptly, ensuring the loan was funded within just three weeks. These hotels boast excellent locations and are supported by strong year-round demand drivers. As part of the deal, Stabilis paid 1.0% of the loan amount in broker fees upon closing.