Commercial Observer: Peachtree Group Lends $34M in Silicon Valley Hotel Recap

Featured in Commercial Observer, Singerman Real Estate has landed $85 million of bridge debt from Peachtree Group for the recapitalization of two hotels in Myrtle Beach, S.C.

Peachtree Group originated the $30MM of construction financing to develop a multifamily project in North Carolina. Peachtree Group originated the three-year bridge loan with one 12-month extension for Orchards' planned 166-unit apartment complex in Hendersonville, N.C.‍

Peachtree Group (“Peachtree”) today announced it has completed the acquisition of First Western SBLC, LLC (formerly known as First Western SBLC, Inc.), which operates as PMC Commercial Trust (“PMC”), a Dallas-based nationwide direct lender specializing in Small Business Administration (“SBA”) 7(a) loans. PMC will continue operating under its existing name following the transaction, which received approval from the U.S. Small Business Administration and closed effective today.