Hotel Indigo Sarasota
Control Provisions
Peachtree Group structured the investment with significant control provisions in the event of default. The sponsor was removed, Peachtree Group's Hospitality Management stepped in, and its team increased NOI by 65% before its sale.
Proximate to Demand Drivers
The hotel is close to downtown shops, businesses and arts and cultural centers.
Strong Basis
$153K/per key compared to the estimated value of $213K/per key. Before investing, Peachtree Group pursued the acquisition of the hotel but lost out to a "top of the market" buyer due to our stringent underwriting standards.
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Peachtree Closes 17 loans totaling more than $244MM in the last 90 days
Peachtree Group Closed 17 loans totaling more than $244MM in the last 90 days
Peachtree Group is a nationwide direct balance-sheet lender, offering competitive terms, in-house loan servicing, and flexible capital to handle a wide array of projects.
Peachtree provides full-stack debt capital solutions to qualified commercial real estate owners across all sectors throughout the U.S. We offer bridge, construction, mezzanine, preferred equity, CPACE, permanent and NNN financing.
See below for some of the most recent loan transactions from Peachtree Group including hotel loans, retail, multifamily, industrial, and land. Click here for our portfolio.
Need Financing? Contact us at lending@peachtreegroup.com.
FEATURED: $20.5MM Development Loan for a Conversion
Peachtree Group worked with the Sponsor to convert a retail store to an industrial building in a sought-after area of Sacramento, CA.
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FEATURED: $12.5MM Bridge Loan for a Hotel
Peachtree Group worked with the Sponsor to pay off its maturing loan while executing a business plan to upgrade its property to better compete in the marketplace and retain its Hilton flag.
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Peachtree is an award-winning hotel lender. Contact us to discuss your deal.