Commercial Observer: Peachtree Closes $53MM CPACE Loan for Suburban Portland Residential Community

Commercial Observer - Kirkland Development has sealed $53.3 million of Commercial Property Assessed Clean Energy (C-PACE) financing to execute energy-efficient and resiliency enhancements to a planned residential community in southwest Washington just north of Portland, Ore., Commercial Observer has learned.

Peachtree Group closed the 30-year CPACE loan for Kirkland’s The Ledges at Palisades development in Camas, Wash. The Ledges consists of 51 condominiums and 90 rental apartments slated for completion in late 2025. Loan proceeds will fund sustainability upgrades, qualifying soft costs and improvements to the five-story property’s resiliency, HVAC system, lighting and plumbing.

Jared Schlosser, Peachtree Group’s senior vice president, said the loan will help complete the long-planned project that stalled during the COVID-19 pandemic, adding that it underscores how C-PACE can be utilized for bringing projects across the finish line.

 “PACE is a great tool to come in particularly mid-construction because here there were some cost overruns and some delays due to COVID and other things, so this really helped jump-start the project,” Schlosser said. “We funded some of the previously completed line items as well as some of the future funding that needs to happen to finish the project.”

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将资本与战略相匹配:以酒店业为重点的贷款在行动

贾里德·施洛瑟在为酒店业务撰写的文章中重点介绍了桃树集团向佛罗里达州两家酒店提供的3000万美元过桥贷款,展示了以酒店业为重点的信贷如何使资本与运营需求保持一致,并将Peachtree定位为战略酒店融资合作伙伴。

文章最初在 HotelBusiness.com 上发表

私人信贷机构越来越多地踏入了传统银行留下的空白,但并非所有银行都是一样的,尤其是在酒店业方面。对于像ARK Holdings这样的赞助商来说,这是一家经验丰富的酒店运营商,其投资组合专注于佛罗里达州,寻找一个了解酒店运营细微差别和当今资本市场复杂性的资本合作伙伴至关重要。

定制贷款结构

Peachtree集团最近通过佛罗里达州塔拉哈西的两笔过桥贷款,展示了其构建灵活的、与赞助商一致的融资解决方案的能力:为拥有122间客房的汉普顿酒店及套房提供1740万美元的浮动利率过桥贷款,为拥有99间客房的希尔顿花园酒店提供1,275万美元的固定利率过桥贷款。ARK Holdings拥有这两处房产,这些交易是Peachtree的多个资本领域如何允许根据商业计划、市场状况和赞助商目标进行定制结构的案例研究。

案例研究:汉普顿酒店及套房

对于汉普顿酒店及套房,Peachtree提供了三年期浮动利率贷款,包括两个12个月的延期选项,非常适合最近于2024年9月完成了数百万美元PIP的房产。赞助商将使用该术语来稳定业绩,并计划将再融资转化为永久融资。浮动结构为从市场利率变动中受益提供了灵活性,也符合重新定位策略的短期性质。

案例研究:希尔顿花园酒店

相比之下,希尔顿花园酒店获得了为期五年的固定利率贷款,该结构旨在支持2024年8月完成更大规模的翻新工程后的长期资产管理和现金流的确定性。由于这两项资产在同一个赞助商下运营且彼此相邻,ARK Holdings将通过共享管理和运营来节省成本,从而提高整体业绩。

为什么体验很重要

这两笔贷款都反映了Peachtree对塔拉哈西市场的信念,该市场有望受益于与政府相关的旅行和企业需求的恢复。预计市场ADR将随着通货膨胀而增长,预计两家酒店的表现都将超过其业绩, 这证明了赞助商的运营实力和资本投资。

更重要的是,这些协议反映了以酒店业为重点的私人信贷的更深层次真相:体验很重要。Peachtree在酒店所有权和运营方面的深厚根基使其能够在考虑品牌标准、PIP时间表和市场季节性的情况下,在电子表格之外进行承保。这种理解可以加强与赞助商的一致性,并在整个贷款生命周期中更好地执行。

在资本市场保持选择性的时代,拥有一家不仅提供资本而且了解酒店实际运作方式的贷款机构是无价之宝。对于正在制定大量翻新业务计划或管理复杂投资组合的赞助商来说,与像Peachtree Group这样带来运营知识和灵活资本的贷款机构合作是一种战略优势。在一个一刀切的融资不再起作用的市场中,Peachtree的方法证明,根据商业计划量身定制资本不仅是明智的;而且至关重要。

桃树集团

桃树集团 是一家直接资产负债表贷款机构,专注于为首次抵押贷款过渡贷款、夹层贷款、优先股投资和商业地产评估清洁能源(CPACE)融资提供资金。贾里德·施洛瑟负责Peachtree的酒店创业平台及其CPACE计划。

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Bridging the Financing Gap: The Strategic Role of Private Credit in Today's Hotel Industry

In his article for Hotel Business, Jared Schlosser explains how private credit lenders have emerged as a critical lifeline for hotel developers by providing the flexibility and speed needed to bridge the financing gap left by traditional banks.

Securing financing in today's capital markets is one of hotel owners and developers' greatest hurdles. Post-pandemic optimism has collided with a far more complex economic landscape defined by stubbornly high interest rates, cautious lenders and evolving risk appetites. While banks and CMBS lenders once anchored most hotel capital stacks, private credit has stepped into a central role, becoming not only an alternative but often the primary solution in today's environment.

Read full article By Jared Schlosser on HotelBusiness.com

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Commercial Observer: Peachtree Group Lends $68MM on Nashville Hotel Recap

Featured in Commercial Observer: Peachtree Group originated the three-year loan with two one-year extension options for the developer’s 187-room Tapestry Collection by Hilton property that debuted this spring.
Jared Schlosser of Peachtree Group and a rendering of The Printing House – Tapestry Collection by Hilton project in Nashville.

Commercial Observer - Sun Development & Management Corporation has inked $67.5 million of bridge financing for the recapitalization of a newly-opened Hilton-branded hotel in Nashville, Commercial Observer has learned.

Peachtree Group originated the three-year loan with two one-year extension options for the developer’s 187-room Printing House – Tapestry Collection by Hilton property that debuted this spring.

Read Full Article on Commercialobserver.com