Commercial Observer: Peachtree Group Lends $59M on San Antonio Hotel Recap
Peachtree Group originated a $59.0MM recapitalization of the 343-room dual-branded AC Hotel and Element San Antonio Riverwalk.
Atlanta Business Chronicle: Peachtree Group Originates $42 million acquisition loan for Atlanta Financial Center
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Atlanta Business Chronicle | Atlanta Based Peachtree Group provided at $42MM loan to finance Banyan Street Capital’s acquisition of Atlanta Financial Center, the high profile office complex in the heart of Buckhead. The lender announced that it originated a floating rate first mortgage loan with a three-year initial term and 1 year extension option.
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Press Release
Peachtree Group Originates $42 Million Loan for Acquisition and Repositioning of Atlanta Financial Center
ATLANTA (July 23, 2025) -Peachtree Group ("Peachtree) originated a $42 million first mortgage loan to finance Banyan Street Capital's ("Banyan") acquisition and repositioning of the Atlanta Financial Center ("AFC"), a914,774-square-foot Class A office campus in Buckhead, Atlanta.
“This transaction highlights how private credit continues to fuel opportunities across the commercial real estate landscape,” said Daniel Siegel, president and principal CRE of Peachtree. “In today’s volatile environment of elevated interest rates and persistent inflation, private credit remains a critical source of capital.”
Much like during the height of the debt crisis, when private credit lenders stepped in to maintain liquidity and helped stave off a broader recession, today’s private credit market continues to step up to fill the void left by traditional lenders and provide certainty for sponsors pursuing thoughtful business strategies.
“We believe the office sector is at an inflection point, much like retail when we were financing mall acquisitions. Negative sentiment is masking real opportunities. The market is bifurcated, with most vacancy tied to a number of troubled assets, and when you adjust for those, the fundamentals tell a different story. While sentiment will take time to shift, we’re ready to back smart business plans in this space,” Siegel said.
Initially acquired in 2016 by a Sumitomo Corporation affiliate for $222.5 million, AFC faced tenant departures, softening fundamentals and shifting capital priorities. The property is situated atopGA-400, offering daily visibility to approximately 420,000 commuters, and comprises three interconnected towers spanning 13.05 acres, with structured parking for 2,335 vehicles.
Banyan plans to reposition AFC, starting with the lease-up of the North Tower, supported by capital expenditure reserves and funds for tenant improvements and leasing. The sponsor will also explore larger tenant opportunities and future redevelopment options.
“This transaction reflects a careful approach to how we de-risk, by structuring a basis reset in a top submarket with an experienced sponsor and a clear repositioning plan," Siegel said.
While the broader office market faces headwinds, Buckhead remains one of Atlanta's strongest submarkets, supported by its base of financial firms, direct MARTA access, and highway connectivity, as well as high-end retail and hospitality amenities. Limited new supply, declining sublease inventory and stable tenant demand position Buckhead and AFC for recovery and growth.
The floating-rate loan carries a 36-month initial term with a 12-month extension option and is backed by completion, interest and carry guarantees from Banyan.
This transaction highlights Peachtree's ability to deliver flexible capital solutions for transitional assets in premier locations at a meaningful basis reset. Comparable transactions in the market reflect a 98percent premium to Peachtree's loan basis, underscoring the strength of the collateral and business plan.
"Borrowers are seeking flexible capital solutions that can adapt to shifting market conditions, and that's exactly what we're delivering," said Jared Schlosser, head of originations and CPACE at Peachtree. "By offering certainty of execution, we're giving sponsors the runway they need to execute thoughtful business plans."
About Peachtree Group
Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments. For more information, visit www.peachtreegroup.com.
Contact:
Charles Talbert
678-823-7683ctalbert@peachtreegroup.com
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Peachtree Group originated a $59.0MM recapitalization of the 343-room dual-branded AC Hotel and Element San Antonio Riverwalk. The floating-rate note carries a 36-month term with two, 12-month extensions. The sponsors, Winston Hospitality and Concord Hospitality Enterprises, purchased former office towers—Riverview Towers—in December 2019 and spent two and a half years undergoing a multi-phase, adaptive reuse renovation to transform them into dual-branded hotels, which opened in 2022.
Located adjacent to San Antonio's famed Riverwalk, the #1 attraction in Texas, the hotels benefit from the city's strong tourism market, drawing over 39 million visitors annually, and its status as the third-fastest-growing city in the U.S., with a 3.8% population increase from 2020 to 2022. They remain the newest hotels in their competitive set.
The AC Hotel and Element are the first new Marriott-branded hotels in the Riverwalk Historic District since 2011, standing out in a downtown market where extended-stay offerings are predominantly Hilton-branded. As premium Marriott properties, they benefit from access to the Marriott Bonvoy loyalty program, the world's largest travel loyalty program, boasting over 200 million members and growing.
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Commercial Observer: Peachtree Closes $35M C-PACE Construction Loan on South Florida Apartments
Commercial Observer | Starlife Group has secured $35 million of construction financing through Peachtree Group to build a multifamily development in Hollywood, Fla.
This article is republished with permission from Commercial Observer
Commercial Observer (February 4, 2025) - Starlife Group has secured $35 million of construction financing to build a multifamily development in Hollywood, Fla.,Commercial Observer can first report.
Peachtree Group originated the fixed-rate Commercial Property Assessment Clean Energy (C-PACE) loan on the developer’s planned 200-unit 21 Hollywood project.
SF Capital Group’s Matt Shane arranged the transaction, which will be used to support the 13-story project’s energy efficiency, envelope enhancements and hurricane resiliency measures.
Jared Schlosser, Peachtree Group’s senior vice president, said the long-term structure of the deal was an ideal approach for the project amid a high interest rate climate, with Peachtree covering 40 percent of the cost and Starlife Group contributing 60 percent equity. The 30-year loan is non recourse outside of a completion guarantee, according to Schlosser.
“We handled theconstruction draws just like you would on a senior construction loan and wewere even able to fund a little bit of capital at close for the project to getstarted, so it ends up being a pretty accretive alternative compared to justtaking a low-leverage bank loan,” Schlosser told CO.
“It acts like an insurance product where it’s a construction-to-perm deal, but it doesn’t have the traditional rights and remedies and recourse that may come along with traditional long-term financing,” Schlosser added. “Here it’s just a straight annual payment, which is easier to navigate for the borrower.”
Located at 2100 N.Federal Highway, the 21 Hollywood project broke ground late last year and is slated for completion in February 2027. Community amenities will include an infinity pool, a fitness center, outdoor kitchens, co working space and a dog park. The property will also feature 9,997 square feet of ground-floor retail.
Fort Lauderdale-based Starlife purchased the 1.48-acre site across from South Broward High School for $6.5 million in 2023, according to the South Florida Business Journal. The development was designed by Kobi Karp Architecture.
“Conventional construction loans are hard to find these days,” Shane said. “There was significant equity brought into the project, so it made the deal easy to do with PACE.”
Officials at Starlife Group did not immediately return a request for comment.
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Peachtree Group Names Michael Brunner as Executive Vice President, Credit Investments
Peachtree Group announced the appointment of Michael Brunner as executive vice president, credit investments. With an extensive background in securitized products, asset finance and commercial real estate, Brunner will be critical in elevating Peachtree’s credit platform and driving its strategic growth initiatives.
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ATLANTA (Feb. 12, 2025) – Peachtree Group (“Peachtree”), a diversified commercial real estate investment platform, announced the appointment of Michael Brunner as executive vice president, credit investments. With an extensive background in securitized products, asset finance and commercial real estate, Brunner will be critical in elevating Peachtree’s credit platform and driving its strategic growth initiatives.
Brunner has more than 25 years of experience at top-tier financial institutions, including ATLAS SP Partners, where he was instrumental in the warehouse finance and securitized products business. He also held leadership roles at Credit Suisse, where he contributed to the Securitized Products Asset Finance division, focusing on commercial real estate finance and commercial mortgage-backed securities (CMBS). Earlier in his career, he spent 18 years in real estate capital markets at J.P. Morgan, where he managed a loan securitization team, led a loan underwriting team and worked with bond investment clients on new issue offerings.
“Michael’s leadership in securitized finance and commercial real estate finance makes himan invaluable addition to our team,” said Michael Harper, president, hotel lending at Peachtree. “His deep institutional relationships and ability to streamline deal execution will strengthen our credit platform, broaden our market reach and enhance our portfolio. With Michael on board, we are well-positioned to optimize our credit strategies, unlock new capital sources and drive superior risk-adjusted returns for our stakeholders.”
Brunner holds an MBA from theUniversity of Florida and a Bachelor of Science in construction science from Texas A&M University.
“I am thrilled to join Peachtree Group at such an exciting time for its credit platform,” Brunner said. “Peachtree’s ability to pivot across the capital stack, combined with its track record in private credit, positions it as a commercial real estate market leader. I look forward to contributing to its continued success and growth.”
“Peachtree’s credit platform has consistently delivered strong results, supported by a team of seasoned professionals dedicated to originating, underwriting and managing private credit investments. With Michael’s leadership, the credit platform is poised for further growth, reinforcing its position as an industry leader,” Harper added.
About Peachtree Group
Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments. For more information, visit www.peachtreegroup.com.