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Commercial Observer: Peachtree Group Refis Seattle Hotel With $68MM Loan
Peachtree Group originated the three-year $68.15 million loan to refinance a newly opened Seattle hotel asset
亚特兰大（2024 年 3 月 18 日）—桃树集团 多元化商业房地产投资公司（“Peachtree”）宣布，自2023年12月1日以来，已完成约6.6亿美元的信贷投资，预计将在未来30至45天内再完成3.5亿美元的信贷投资。
信贷投资主要包括酒店、多户住宅、工业和学生住房的发放。
二月份，Peachtree完成了该公司历史上最大的个人信贷交易之一 1.029亿美元的三年期贷款用于对拥有350间客房的万豪进行资本重组 位于加利福尼亚州森尼维尔的双品牌 AC 酒店 Moffett Park 和 TETRA Hotel，Autograph Collection
“我们目睹了利率持续上升和银行风险敞口持续减少的预期，活动有所增加。对到期债务进行再融资的迫切需求越来越令人担忧，到2028年底，美国商业房地产债务估计为2.8万亿美元。Peachtree Group董事总经理兼首席执行官格雷格·弗里德曼说，商业房地产利益相关者正在努力应对资本成本增加和流动性受限的挑战，尤其是在为收购、资本重组和开发计划确保资本方面。
Peachtree 集团的信贷部门，前身为斯通希尔， 被抵押银行家协会评为美国第八大商业房地产酒店贷款机构 在最近的贷款发放排名中。
作为直接的商业房地产贷款机构，它提供永久贷款，过渡贷款，夹层贷款， 商业地产资产清洁能源（CPACE）融资 以及所有商业房地产领域的优先股权投资，其起源于酒店业。
过去 90 天内完成的其他值得注意的信贷交易：
- 4,080万美元的第一笔抵押贷款，用于在阿拉巴马州蒙哥马利建造一座双品牌的Residence Inn和Home2套房。
- 为加利福尼亚州棕榈泉的汤普森酒店提供4,600万美元的商业地产评估清洁能源（“CPACE”）融资。
- 马里兰州雪佛兰大通万怡酒店首批抵押贷款3620万美元
- 为北卡罗来纳州夏洛特的Home2 Suites提供4,060万美元的首笔抵押贷款
- 佛罗里达州盖恩斯维尔一栋多户住宅大楼的首笔抵押贷款为3,450万美元。
- 乔治亚州雅典市学生住房的第一笔抵押贷款为1,750万美元。
关于桃树集团
桃树集团 是一家垂直整合的投资管理公司，专门发现和利用以商业房地产为支撑的混乱市场中的机会。如今，我们在收购、开发和贷款方面管理着数十亿美元的资本，并辅之以旨在保护、支持和增加投资的服务。欲了解更多信息，请访问 www.peachtreegroup.com。
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联系人：
查尔斯·阿尔伯特
678-823-7683
ctalbert@peachtreegroup.com
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Commercial Observer | Peachtree Group originated the three-year, $68MM, floating-rate, first-mortgage loan with two 12-month extension options for the Atlanta-based developer’s 200-room AC Hotel in Downtown Seattle that opened in October 2024.
Read More on commercialobserver.com
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Commercial Observer: Peachtree Group Supplies $36MM Refi for Houston Hotel Conversion Project
Peachtree Group originated a $36.1MM three-year, floating-rate loan with two 12-month extension for a Houston Hotel
Commercial Observer | Peachtree Group originated a $36.1MM three-year, floating-rate loan with two 12-month extension options for the DSG’s Meridien Houston Downtown hotel property located where the 1952-built Melrose Building once stood. In 2015, the developer acquired the office property, which was Houston’s first modern skyscraper, and repurposed it into a 250-room hotel that opened in 2017.
Read More on Commercialobserver.com
Discover Creative Capital Solutions in a Challenging Market
In the latest episode of Peachtree Point of View podcast, CEO Greg Friedman sits down with EVP Jared Schlosser, who specializes in hotel lending and C-PACE financing. Their conversation offers valuable insights into navigating today's dislocated credit markets and finding creative solutions to capitalize commercial real estate projects.
In the latest episode of Peachtree Point of View podcast, CEO Greg Friedman sits down with EVP Jared Schlosser, who specializes in hotel lending and C-PACE financing. Their conversation offers valuable insights into navigating today's dislocated credit markets and finding creative solutions to capitalize commercial real estate projects.
Jared, who joined Peachtree in 2019 after beginning his career during the 2007 market downturn, provides a unique perspective on the dramatic shift in credit markets since then. He explains how developers are struggling with rising costs and persistently high interest rates that make traditional financing structures difficult to pencil.
Senior + CPACE
The discussion centers on how Peachtree is helping clients overcome these challenges, with particular focus on C-PACE (Commercial Property Assessed Clean Energy) financing as an innovative tool. This state-by-state legislative product allows financing for specific elements of construction (roofing, HVAC, elevators, etc.) through long-term fixed-rate loans repaid via property tax assessments.
What makes this strategy particularly powerful is the ability to combine C-PACE with senior debt to achieve higher leverage at a lower blended cost of capital. For example, on a $100 million project, developers might secure $30 million through C-PACE at 7.5% fixed (half the cost of traditional mezzanine debt), allowing them to finance 75% of project costs at favorable rates while maintaining acceptable returns.
Case Study: Washington Multifamily
Jared shares a recent success story from Washington state where Peachtree provided both senior debt and C-PACE financing, partnering with Hickory for mezzanine debt to deliver an impressive 87% capital stack. With Peachtree providing 70% through the combined senior and C-PACE loans, the borrower secured an attractive blended cost of capital for a higher-lever age construction loan. The multifamily project is located in an underserved secondary market with limited recent development—a focus area for Peachtree.The deal also featured flexible terms allowing the borrower to potentially payoff the C-PACE portion if rates decline.
Key Takeaways:
- C-PACE financing offers developers a powerful tool to replace more expensive capital in the stack, potentially reducing costs by hundreds of basis points compared to traditional mezzanine or preferred equity.
- In today's market, there are "no slam dunks" - every deal has challenges requiring creative solutions, thorough vetting, and proper risk structuring.
- Peachtree's ability to provide both senior loans and C-PACE financing creates a significant competitive advantage, allowing them to deliver financing packages higher up the capital stack.
- Speed and execution are critical in this environment, as many lenders fail to close deals due to improper risk assessment or changing credit committee decisions.
- Secondary markets with limited new supply present attractive investment opportunities, particularly for multifamily development.
Listen to the full Peachtree Point of View podcast to gain deeper insights into how you can leverage these creative capital solutions for your next commercial real estate project. Follow Peachtree Point of View on your favorite podcast platform to stay informed on investment strategies in today's challenging market.
