$19,500,000 Bridge — Full-Service Hotel in Hauppauge, NY
Hospitality Bridge — In Closing
Deal terms
Property type
Full-Service Hotel
Location
Hauppauge, NY
Loan type
Bridge
Program
Hospitality Bridge — In Closing
Leverage
In Closing
Rate
N/A
Deal value
$19,500,000
How we structured it
A $19.5M hospitality bridge in closing on a full-service hotel in Hauppauge — the kind of execution that usually stalls because the asset needs a lender comfortable underwriting operating income rather than just bricks.
Full-service hospitality carries a different risk profile than the rest of this page: revenue moves with occupancy, rate, and the quality of the operator, and the capital stack has to survive a repositioning period. This is written as bridge debt against in-place performance, with permanent financing already in motion behind it — the full story gets told when the second leg closes. In-closing figures are expected loan amounts, not a commitment until funded; every deal varies.
