Commercial Observer: Peachtree Leads $63MM Debt Package for Washington State Apartments

ATLANTA (Feb. 2, 2024) – Peachtree Group announced the company originated a $34.5 million loan for the acquisition and renovation of a 312-unit multifamily property in Gainesville, Fla., on behalf of Coastline Management Groups (Coastline), a Hollywood, Fla. based service-oriented real estate management company. The property, Pavilion on 62nd, is a 25-building, 312-unit multifamily used previously for student housing.

The Peachtree Group team originated the floating-rate bridge loan over a three-year term, representing 61% of the stabilized appraised value.

The multifamily property contains 31.74 acres and features two-, three- and four-bedroom units with onsite property management, two clubhouses, two swimming pools, workstation cubicles, a game room, a media room, rentable event room, a gym, indoor racquetball and half-court basketball, sand volleyball court, dog park and package receiving center.

Coastline will use approximately $5.0 million of the bridge loan proceeds to renovate unit interiors, convert four-bedroom units to three-bedroom units, expand the onsite amenities and complete deferred maintenance on exterior and common areas.

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About Peachtree Group

Peachtree Group is an investment firm driving growth with a diverse portfolio of commercial real estate assets and other ventures. We’ve executed hundreds of investments since inception with a focus on real estate acquisition, development, and lending. Today, we manage billions in equity, augmented by services designed to protect, support, and grow our investments.

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Explore Peachtree Group's latest commercial loan transactions and financing options.

Peachtree Group is a direct balance sheet lender focused on funding first mortgage loans. Our areas of expertise include:

• Bridge loans
• Mezzanine loans
• Preferred equity investments
• Commercial property assessed clean energy (CPACE) financing

We lend to all commercial real estate asset classes and are actively providing financing for:

• Acquisitions
• Recapitalizations
• Construction projects

See below for some of the most recent loan transactions from Peachtree Group, including:

• Hotel loans
• Retail properties
• Multifamily developments
• Industrial assets
• Land deals

Need Financing? Contact us at lending@peachtreegroup.com.

Peachtree Group Closed 21 Loans Totaling $653+MM in the Last 90 Days

August 2025 highlights

In The News

• Hotel Business on the Scene: The Hotel Lending Landscape is Ever Evolving
• Atlanta Business Chronicle: Banyan Street Capital Secures $42MM Acquisition Loan for Atlanta Financial Center
• Commercial Observer: Peachtree Group Lends $34MM in Silicon Valley Hotel Recap

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Doradus Partners has nabbed $41 million of bridge financing to refinance a Hilton-branded Charlotte hotel property, Commercial Observer has learned.

Peachtree Group, formerly Stonehill, provided the floating-rate loan on Doradus’ 181-room Home2 Suites by Hilton Charlotte Uptown. Click here to read more.