08/17/2026
Foss is excited to announce the closing of bridge financing for the acquisition and conversion of a vacant assisted living facility in Lithia Springs, GA, into an 86-key Suburban Studios extended-stay hotel. The transaction represents a unique adaptive reuse opportunity in the Atlanta market, with the property transitioning from a special-purpose use into hospitality. The surrounding area is anchored by major corporate and industrial users, including Amazon, Medline, McMaster-Carr, and Google’s Lithia Springs Data Center, creating a built-in demand base of corporate travelers and long-term project workforce ideally suited to extended-stay accommodations.
Financing an adaptive reuse asset mid-conversion required a lender able to underwrite the asset's as-is condition, the scope of the conversion, and the sponsor's stabilized business plan for the completed hotel. We partnered with a private credit fund that specializes in value-add strategies and understood the sponsor's vision from the outset.
Foss arranged $4,100,000 in bridge financing at a competitive floating rate, structured as non-recourse with full-term interest-only payments, through a lender with a track record in hospitality conversions and extended-stay projects. Foss ran a comprehensive outreach process and worked closely with the sponsor throughout the transaction, structuring the capital solution, leading lender negotiations, coordinating due diligence, and managing the process through closing.
Thank you to our sponsor, lender, and deal team for their partnership in bringing this transaction together. We're proud to be part of this project and look forward to seeing the transformation take shape in Lithia Springs!
