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.
Commercial Observer | Peachtree Group originated the three-year, floating-rate, $55MM bridge loan with two 12-month extension options for Hotel Amarano Burbank Hollywood, which Nimes Real Estate acquired in late 2019. The hotel is locate in Burbank, Calif., near Warner Bros. headquarters and Walt Disney Studios.
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ATLANTA(September 22, 2025) - Peachtree Group ("Peachtree"), a leading commercial real estate investment firm overseeing a diversified portfolio of more than $8 billion, announced the hiring of Billy Gilchrist as senior vice president, originations. In this role, Gilchrist will be responsible for originating commercial real estate and hotel investments across Peachtree's lending platform.
Gilchrist brings more than a decade of leadership experience in finance, real estate and hospitality to Peachtree. He has a proven track record in executing large-scale acquisitions, new construction and capital improvement projects totaling more than $400 million. His expertise spans debt structuring, capital raising and asset management, making him a strong addition to the firm's credit platform.
"Billy's deep background in finance and real estate, combined with his ability to structure complex transactions and foster strong relationships, will be instrumental as we continue scaling our lending platform," said Jared Schlosser, head of originations and CPACE at Peachtree. "His appointment reflects our commitment to expanding our origination capabilities with leaders who bring both strategic vision and hands-on experience."
Before joining Peachtree, Gilchrist served as chief financial and investment officer of ARK, where he oversaw investment strategy, financial planning and operations. Previously, he held senior executive roles with Hotel Development & Management Group where he was instrumental in driving the company's development pipeline, acquisitions and investor engagement. Earlier in his career, he held positions with Insight Credit Union and BB&T, managing credit portfolios and small business relationships.
Gilchrist earned a Master of Science in entrepreneurship from the University of Florida's Hough Graduate School of Business and a Bachelor of Science in finance from the University of Florida's Warrington College of Business.
Commercial Observer | Pacifica Hotels has secured $126.1MM to refinance a portfolio of seven southern California hotels that hold a combined 601 rooms across San Diego, Pismo Beach, Venice, and Manhattan Beach.
Peachtree Group (along with Goldman Sachs) provided a three-year loan secured by the Belamar Hotel Manhattan Beach, which is part of the Hilton brand in Manhattan Beach, Calfornia.