Fort Amsterdam Capital Supplies $17.4 Million Loan to Boutique Waterfront Hotel on Shelter Island, N.Y.

September 17, 2021 — Fort Amsterdam Capital, an affiliate of Sugar Hill Capital, has provided a $17.4 million bridge loan on a boutique waterfront hotel located on Shelter Island in New York. The Sponsor has extensive experience in the market and a successful track record of renovating and operating boutique hotels. The loan will facilitate the Sponsor’s business plan to transform the hotel into a full-service luxury resort featuring enlarged guestrooms, a spa and fitness center, a modernized lobby, and an enhanced restaurant and lounge.

Previous
Previous

Fort Amsterdam Capital Lends $11.05 Million to Facilitate Luxury Multifamily Development in Manhattan

Next
Next

Fort Amsterdam Capital Lends $7.25 Million on Jersey City, N.J. Mixed-Use Property