Commercial Observer - Grandview Companies has secured a $63 million financing package for the development of a multifamily development in Western Washington, Commercial Observer has learned.
Peachtree Group originated a $28.3 million, 26-month first mortgage and 30-year $17 million Commercial Property Accessed Clean Energy (C-PACE) loan for the developers’ planned 280-unit Yorkshire Apartments project in Tumwater, Wash. Hickory CRE Lending also provided a $17.7 million mezzanine loan as part of the transaction, which was brokered by Zack Goodwin, managing partner at CapNorth.
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.