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Atlanta Business Chronicle - Last month, Atlanta-based real estate investment firm Peachtree Group closed its largest-ever credit deal — a $176.5 million clean energy loan for a massive renovation aimed at restoring the glory of a Las Vegas hotel and casino.
In July, the firm demonstrated the breadth of its business with a $42 million loan to finance Banyan Street Capital’s purchase of Atlanta Financial Center, a Buckhead office property being considered for partial redevelopment.
The transaction is the latest in a series helping drive Peachtree toward another record year, even as commercial real estate faces ongoing volatility in debt markets — conditions that reward private lenders able to move quickly.
“Peachtree Group’s success comes from our team’s willingness to be creative, gritty and decisive in a volatile market,” Greg Friedman, managing principal and CEO of Peachtree Group, told Atlanta Business Chronicle. “We aren’t afraid to lean in and make quick calls when others hesitate.”
He adds that such an approach doesn’t mean recklessness.
“Our discipline in the process gives us the conviction to act with confidence,” he said. “That balance has been the linchpin to our success, turning disruption into opportunity and allowing us to keep building an investment platform that delivers value through every cycle.”
Founded in 2007, Peachtree employs more than 3,000 people nationwide and is a regular on the Inc. 5000. It is widely recognized as a top player in hospitality and commercial real estate.
...“We are well on our way to another record year of originations,” Friedman wrote.
