Peachtree Group Flourishes Amid Debt Market Dislocation, Anticipates Deploying $1.0 Billion in Real Estate Credit rating Investments
Peachtree Group (“Peachtree”), a varied commercial accurate estate funding agency, announced it has closed approximately $660 million in credit rating investments since Dec. 1, 2023, with an additional $350 million anticipated closing over the following 30 to forty five days.
The credit rating investments primarily embody originations for resorts, multifamily, industrial and pupil housing.
In February, Peachtree closed one of many biggest particular person credit rating transactions within the agency’s history with a $102.9 million three-year mortgage to recapitalize a 350‐room Marriott twin-rate AC Lodge Sunnyvale Moffett Park and TETRA Lodge, Autograph Sequence in Sunnyvale, Calif.
“We are witnessing heightened exercise in accordance with the anticipation of sustained elevated pastime charges and continued reductions in bank publicity. The pressing deserve to refinance maturing debt, estimated at $2.8 trillion in U.S. commercial accurate estate debt by the extinguish of 2028, is a growing trouble. Industrial accurate estate stakeholders are grappling with the challenges of increased capital costs and constrained liquidity, particularly in securing capital for acquisitions, recapitalizations and beauty initiatives,” acknowledged Greg Friedman, Peachtree Group’s managing predominant and CEO.
Peachtree Group Credit rating, previously Stonehill, ranked as the eighth biggest U.S. commercial accurate estate hotel lender by the Mortgage Bankers Association in its closing mortgage origination rankings. As a straight commercial accurate estate lender, it offers everlasting loans, bridge loans, mezzanine loans, commercial property-asset clean energy (CPACE) financing and most popular equity investments all the map thru all commercial accurate estate sectors, with its origins within the hospitality commerce.
Other well-known credit rating transactions closed correct thru the last 90 days:
- $40.8 million first mortgage mortgage for the style of a twin-branded Spot Inn and Home2 Suites in Sir Bernard Law, Ala.
- $46.0 million in Industrial Property Assessed Neat Energy (“CPACE”) financing for the Thompson Lodge in Palm Springs, Calif.
- $36.2 million first mortgage mortgage for Courtyard by Marriott in Chevy Crawl, Md.
- $40.6 million first mortgage mortgage for Home2 Suites in Charlotte, N.C.
- $34.5 million first mortgage mortgage for a multifamily advanced in Gainesville, Fla.
- $17.5 million first mortgage mortgage for pupil housing in Athens, Ga.
About Peachtree Group
Peachtree Group is a vertically constructed-in funding management agency specializing in identifying and capitalizing on alternatives in dislocated markets, anchored by commercial accurate estate. At the fresh time, we arrange billions in capital all the map thru acquisitions, style, and lending, augmented by companies and products designed to present protection to, enhance and develop our investments. For additional facts, consult with www.peachtreegroup.com.
