Commercial Observer: Peachtree Lends $44M on Florida Multifamily Project
Peachtree Group originated a $43.5M bridge loan to complete and lease up Seahaven Apartments, a 230-unit beachfront multifamily community in Panama City Beach, Florida.
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.