U.S. Hotel Lending Likely to Get More Challenging
Ester Hertzfeld with Hotel Management Magazine spoke with Peachtree SVP Jared Schlosser about the hotel lending market in her most recent article.
最近引述了Peachtree首席执行官格雷格·弗里德曼的话 CoStar 集团 文章作者 肖恩·麦克克拉肯 谈论2024年酒店的贷款环境以及像桃树集团这样的投资者、运营商和贷款机构所面临的机会。
弗里德曼说：“大多数传统贷款机构不贷款。”“传统上，40％的债务市场由地区银行、社区银行、国家银行组成，媒体认为银行承受着压力。因此，40％的市场处于困境，CMBS市场占酒店贷款的近25％至30％，而且该市场也承受着巨大的压力。”但他表示，由于 “资产水平表现非常好”，剩下的市场被酒店所吸引。
2024年酒店的贷款条件可能会更加确定（costar.com）
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Stonehill 被评为美国最大的酒店 CRE 贷款机构之一
商业房地产直接贷款机构Stonehill被抵押银行家协会（“MBA”）2022年贷款发放排名列为美国第八大商业房地产酒店贷款机构，比2021年的排名上升了两位。
商业房地产直接贷款机构Stonehill被抵押银行家协会（“MBA”）2022年贷款发放排名列为美国第八大商业房地产酒店贷款机构，比2021年的排名上升了两位。2022年，斯通希尔部署了12亿美元的房地产投资，其中8.13亿美元与酒店有关。
斯通希尔还被工商管理硕士评为美国第16大商业房地产零售贷款机构，在2022年部署了1.63亿美元。
Stonehill总裁兼董事总经理马特·克罗斯威表示：“我们的表现证明了我们致力于了解赞助商的业务计划，并在市场动荡的情况下通过稳定的资本完成交易。”
去年，Stonehill成立了Stonehill CRE，扩大了其商业贷款业务，在所有房地产领域发起和进行投资。该CRE集团专注于传统上供应不足的重型过渡资产和信贷市场行业。
“在经济波动和利率上升的情况下，传统贷款机构撤回了房地产贷款，造成了资本市场的混乱。Stonehill CRE总裁丹尼尔·西格尔说，在Stonehill，我们花了多年的时间积累资本形成，这使我们能够向希望执行业务计划的各行各业的房地产所有者发放贷款和提供融资。
MBA的年度发放排名报告是一系列全面的清单，列出了149名商业/多户住宅抵押贷款发起人、他们2022年的交易量以及他们的不同角色。
关于斯通希尔
Stonehill隶属于Peachtree Group，是一家直接贷款机构，提供永久贷款、过渡贷款、夹层贷款、商业地产评估清洁能源（CPACE）融资和主要由酒店资产担保的优先股投资。Stonehill成立于2013年，为收购、资本重组、再融资和翻新提供创造性的融资解决方案，并已完成超过510笔交易，总额超过54亿美元。Stonehill的负责人合并发起、构造或购买了超过100亿美元的债务。
Reviving Malls: Shifting Perspectives on Retail's Potential
Is mall still a four letter word? Retail, including malls is experiencing strong leasing momentum, but to be successful, retail investors need to consider these tips.
In today’s highly competitive and constantly evolving real estate market, sponsors of retail commercial properties need a reliable financial partner to help them navigate the complexities of this space. There is a perception that capital is non-existent for this sector, but that couldn’t be further from the truth. Peachtree Group Credit has emerged as an industry leader – ranking as the 16thlargest U.S. commercial real estate retail lender ranking as the 16th largest U.S. commercial real estate retail lender – providing creative financing solutions to help clients realize their vision for maximizing return on investment.
The fact is retail, including malls, is experiencing strong leasing momentum with increased foot traffic allowing sponsors to stabilize cash flow levels, which took a hit during the beginning of the COVID-19 pandemic. Brick-and-mortar retail locations are a necessary and growing component of a retailer’s multi-channel strategy. While traditional retail struggled before COVID, the pandemic has brought greater appreciation for in-store experiences for certain shopping items. This trend bodes well for retail as an investment.
To remain competitive, retail investors must accelerate their plans and expand their thinking to find ways to keep their retail locations relevant in a changing landscape.
Retail investors are looking at this sector with compelling strategies, including reimagining portions of the property to bring in new tenants, densifying the property by spinning off excess parking into pad sites or value-add components with a plan for re-leasing and some potential redevelopment opportunities.
Peachtree provides needed liquidity for maturing loans, new acquisitions and construction projects.
Some of the recent coast-to-coast mall transactions completed, include:
- Bellis Fair Mall – Originating a$24.0 million first mortgage loan for the 774,264 square-foot shopping mall in Bellingham, Washington.
- Cumberland Mall – Originating a$28.8 million first mortgage loan for the 953,313 square-foot shopping mall in Vineland, New Jersey.
- Greenwood Mall – Originating a$42.3 million first mortgage loan for the 970,523 square-foot shopping mall in Bowling Green, Kentucky.
- The Mall at Robinson – Originating a$25.5 million first mortgage loan for the 874,000 square-foot shopping mall in Pittsburgh, Pennsylvania.
- TownCenter at Cobb – Originating a $42.0million first mortgage for a 1,200,000 square-foot shopping mall in Kennesaw, GA
- Fairlane Town Center – Originating a $28.0million first mortgage for a 1,450,000 square foot shopping mall in Dearborn, MI
Peachtree actively collaborates with sponsors from the initial concept stage until closing, offering expedited financing explicitly tailored for their business, allowing all parties to achieve a best-in-class financial outcome. Throughout the process, Peachtree keeps up regular touchpoints, ensuring the transactions go smoothly. This further demonstrates Stonehill’s commitment to supporting sponsor capital strategies with execution certainty amid a highly unpredictable funding landscape, increasingly a critical variable impacting retail real estate acquisition competition outcomes.
Having access to an experienced lender can provide valuable expertise and guidance to help you with your investment. With specific retail knowledge, Peachtree can provide insights into effective strategies for success. At Peachtree, we have the expertise to guide you through your options.
Greg Koenig is a senior vice president at Peachtree Group Credit. Before joining Peachtree, he was an executive director at A large private equity firm, focusing on debt originations in all asset classes. Prior to that, Greg was a senior vice president at Newport RE, a German-based real estate investment company, focusing on acquisitions and asset management for its U.S. portfolio. Previously, he was a vice president at Rialto Capital, where he helped underwrite and asset-manage loan portfolios. Before joining Rialto, Greg worked at TriMont Real Estate Advisors facilitating loan workouts and maximizing returns on distressed assets. Greg holds a bachelor’s degree from the University of Connecticut, where he majored in Real Estate and UrbanEconomics.
Contact Greg at gkoenig@peachtreegroup.com or 1-860-833-2285.