Starlight Stays | Hybrid Bridge Funding Opportunity
Manning, SC
Strategy
Debt Raise
Stage
Raising Capital
Units / Keys
20
Location
Manning, SC
Starlight Stays is an existing 20-room operating asset in Manning, South Carolina being repositioned into a hybrid workforce and independent-housing model. The current capital plan targets a new senior refinance, a short-term private bridge for the remaining partner buyout and project costs, and a permanent refinance after stabilization. HOME-ARP support is being pursued only for eligible renovation costs and is not the bridge repayment source.
Detailed asset, market, and operating materials
The full asset overview, market analysis, and operating plan are shared after you request deal materials and our team confirms eligibility — not blurred here, simply withheld until access is approved.
$50K
Estimate only — not a guarantee of future results.
12–18 months
Estimate only — not a guarantee of future results.
Target metrics are based on sponsor assumptions, are not a guarantee of future performance, and may be updated. Review the full assumptions in the data room.
- 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.
Request deal materials or schedule a conversation
Requesting materials is non-binding. After we review your request, our team will follow up with the data room and, if appropriate, schedule an introductory conversation to confirm fit and eligibility.
This page is for informational purposes only and is not an offer to sell or a solicitation to buy securities. Any investment may be offered only through definitive offering documents and only to eligible investors, as determined by the sponsor and its counsel. Target metrics, where shown, are estimates based on sponsor assumptions, are not a guarantee of future results, and may be updated. Past performance does not guarantee future results. Requesting materials or scheduling a conversation is non-binding and does not reserve ownership or constitute a commitment to invest. No securities exemption or legal conclusion is represented on this page; eligibility and offering structure are determined solely by the sponsor and its counsel.