A wave of maturing debt has been a boon to business for Atlanta-based Peachtree Group. Peachtree Group, through its Peachtree Group Credit division, has deployed $556M in loans and another $526M to buy five hotels and develop another three projects. Recent deals include a $48M construction loan for a 215-room Autograph Collection hotel in Huntsville, Alabama, a $42.2M first mortgage loan to refinance the 133-room Motif on Music Row hotel in Nashville, Tennessee, and a $42M mortgage loan for the acquisition of Town Center at Cobb mall in Kennesaw.
Commercial Observer | Peachtree Group originated the three-year loan with two 12-month extension options for the developer's 123-key Aloft Cupertino, California. Loan will fund an reno of the 2013-built property situated two blocks from Apple's Infinite Loop Campus.
Atlanta Business Chronicle | Atlanta Based Peachtree Group provided at $42MM loan to finance Banyan Street Capital’s acquisition of Atlanta Financial Center, the high profile office complex in the heart of Buckhead. The lender announced that it originated a floating rate first mortgage loan with a three year initial term and 1 year extension option.
Commercial Observer | Shopoff Realty Investments has sealed a $52 million loan to refinance a newly built industrial project in suburban Phoenix, Commercial Observer has learned.
Peachtree Group originated the bridge loan for Shoproff’s planned 270-acre The Block at Elliot development at the intersection of East Elliot Road and South Sossaman Road in Mesa, Ariz.