In Closing · Not Yet Funded · #38
Full-Service Hotel in Hauppauge, NY — Bridge
$19,500,000 · 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.
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