Starlight Stays | Hybrid Bridge Funding Opportunity
0% funded
12–18 months
$50K
$300K
Starlight Stays Equity Consolidation Chat
Monday, June 1 at 10:30 AM EDT
Join us for a live investor webinar on the Starlight Stays repositioning opportunity in Manning, South Carolina. We’ll walk through the business plan, the ownership consolidation strategy, the property improvement roadmap, projected stabilized performance, and the secured debt structure being offered to investors. This is a chance to hear directly from the sponsor, review the numbers, and see how we plan to turn an already operating hospitality asset into a stronger hybrid short-term and midterm rental model.
Overview
Current base raise target: $300,000 at 12% annualized for a 12–18 month bridge period. The bridge is intended to fund the remaining partner buyout after senior-refinance liquidity, a project reserve and uncovered renovation costs. The requested security is a second-position mortgage, subject to senior-lender consent and definitive documents. The exit is a stabilized permanent refinance. HOME-ARP support is pending and, if approved, is expected only to reduce eligible renovation costs; it is not the repayment source.
Use of Funds
Remaining partner buyout after senior-refinance liquidity, $25,000 operating reserve, eligible renovation gap not covered by HOME-ARP, and transaction/closing costs.
Investment Terms
Min. Investment
$50,000
Hold Period
12–18 months
Distributions
monthly
Funding Deadline
Sep 25, 2026
Target Return*
12% annualized
Term
18 months
* Target returns are projected and not guaranteed. Subject to final deal documents.
Project Timeline
Phase 1
Renovation
Approximately 60–90 days after capital closing, subject to final scope, approvals and environmental/program requirements where applicable.
Phase 2
Stabilization
Target 6–12 months after renovation and lease-up.
Phase 3
Exit / Refi
Permanent refinance after stabilization, targeted within the 12–18 month bridge period and subject to appraisal, DSCR and lender underwriting.
Financing Structure
Key Highlights
- Working senior payoff target of approximately $600,000 versus an approximately $790,000 current face balance, subject to written payoff confirmation.
- 20-room hybrid operating model: 5 contracted workforce/entity rooms, 7 shared rooms / 14 beds, 5 private rooms and 3 family-capable rooms.
- Base stabilized revenue approximately $264,252 and base NOI approximately $158,551 using a 40% operating-expense assumption.
- Working stabilized value approximately $1.98 million at an 8% cap rate; illustrative refinance capacity approximately $1.29M-$1.39M at 65%-70% LTV.
- Working $115,000 light repositioning budget includes 20 kitchenettes, Murphy-bed systems, laundry, Workforce & Employment Center, bathroom/cosmetic restoration and grounds cleanup.
- Bridge exit is a permanent refinance after stabilization. HOME-ARP support remains pending and is not the bridge repayment source.
Data Room
Financials, legal docs, market research & more — available to verified investors.
Investment Risk Disclosure
All return figures shown — including projected, target, preferred, or estimated returns — are forward-looking and not guaranteed. Private real estate investments are illiquid and carry significant risks, including the potential loss of principal. Past performance does not guarantee future results. You should review all deal documents before making any funding decision and consult your financial, legal, and tax advisors. Key execution items include obtaining the approximately $600K senior payoff in writing; securing a new senior lender and any required guarantor/sponsor; confirming that the senior loan permits the requested junior lien; finalizing legal use/zoning for the hybrid operating model; obtaining contractor/vendor quotes; and confirming HOME-ARP eligibility and environmental requirements. HOME-ARP funding is not awarded or guaranteed. Refinance proceeds depend on actual stabilized NOI, appraisal, cap-rate methodology, DSCR and lender terms.