Peachtree部署11亿美元用于商业房地产投资

多元化商业房地产投资公司Peachtree集团宣布,其信贷部门已完成该公司今年迄今为止部署的11亿美元贷款中的5.56亿美元贷款。剩余的5.26亿美元用于收购五家酒店和开展三个新的酒店开发项目。该公司还开设了五家截至2023年9月在建的酒店。

桃树集团首席执行官格雷格·弗里德曼表示:“在过去15年中长期受益于随时可用的低成本资本的商业地产所有者现在正面临着一个新的现实。”

为到期债务再融资的能力越来越令人担忧,估计有1.9万亿美元的美国商业房地产债务将在2026年底之前到期。

弗里德曼说:“商业房地产参与者在为收购、资本重组和发展战略寻找资本时面临着资本成本上涨和流动性紧缩的压力。”

Peachtree Group Credit(前身为Stonehill)在抵押银行家协会2022年贷款发放排名中被评为美国第八大商业房地产酒店贷款机构。作为一家直接的商业房地产贷款机构,它为所有商业房地产领域提供永久贷款、过渡贷款、夹层贷款、商业地产资产清洁能源(CPACE)融资和优先股投资,其起源于酒店业。

今年完成的重要酒店信贷交易包括:

  • 4,790万美元的第一笔抵押贷款,用于在阿拉巴马州亨茨维尔建造一座拥有215间客房的Autograph Collection酒店,该酒店预计将于2024年开业。
  • 为拥有220间客房的纽约拉瓜迪亚机场汉普顿酒店提供4,360万美元的第一笔抵押贷款,用于对该项目进行资本重组,并支付延期维护和资本支出。
  • 在音乐街(纳什维尔)有133个房间的Motif上提供4,220万美元的第一笔抵押贷款,用于为当前债务进行再融资并完成该物业,该物业预计将于2023年11月开放。
  • 一笔840万澳元的CPACE融资贷款,用于资助密歇根州底特律一家在建酒店的各种节能和可持续发展元素。

其他商业房地产行业的交易包括:

  • 5,200万美元的第一笔抵押贷款,用于在亚利桑那州梅萨建造一套245套公寓。
  • 4,200万美元的第一笔抵押贷款,用于收购乔治亚州肯尼索市科布零售中心的镇中心。
  • 2,300万美元的第一笔抵押贷款,用于在北卡罗来纳州夏洛特建设混合用途开发项目

如今,银行面临监管压力,需要支撑资产负债表和流动性状况,这导致了对商业房地产的重大贷款限制。这种传统贷款机构的中断进一步提高了业主和开发商执行业务计划的私人信贷。

桃树集团信贷高级副总裁贾里德·施洛瑟表示:“我们的活动正在上升,我们发放的贷款有一半以上在过去60天内到期。”“我们的目标是到2023年发放超过10亿美元,并将持续增长到2024年,因为我们预计利率将保持在较高水平,银行将进一步减少风险敞口。”

桃树集团的收购部门完成了五次酒店收购,共收购了677间钥匙。

  • 大学首都汉普顿酒店及套房-德克萨斯州奥斯汀 — 137 间客房
  • 范德比尔特霍姆伍德套房酒店-田纳西州纳什维尔-192 间客房
  • 北亚特兰大希尔顿花园酒店—乔治亚州约翰斯克里克—122 间
  • 亚特兰大肯尼索万怡酒店 — 乔治亚州肯尼索 — 100 间客房
  • 希尔顿Home2 Suites酒店—亚利桑那州钱德勒 — 126 间客房

“我们的交易量保持增长,因为我们历来每年收购10至15家酒店。桃树集团首席信息官布莱恩·沃尔德曼说,美国整体交易市场同比下降,这主要是由于2022年是活跃的一年,而债务仍然相对负担得起,区域贷款机构的广泛可用性以及运营基本面的改善,而在2023年,债务资本市场的紧缩对交易速度产生了重大影响。“我们处于独特的地位,可以利用我们深厚的关系网络收购大多数场外酒店,以保护这些机构质量的资产。我们在竞争对手中也是独一无二的,因为我们有能力成为全现金买家,从而消除贷款风险并快速平仓。”

桃树集团预计,在今年剩余时间内,市场交易将加速,并持续到2024年。

今年迄今为止,Peachtree集团的开发部门已经完成了三个新项目,总价值为2.93亿美元:

  • 大使馆套房-阿拉巴马州海湾海岸-257 间客房
  • 凯悦标题——田纳西州纳什维尔——210 把钥匙
  • AC by Marriott — 密歇根州底特律 — 154 把钥匙

此外,开发团队已经开设了五家酒店,总开发成本约为1.19亿美元:

  • 肯塔基州佛罗伦萨希尔顿花园酒店 — 123 间客房
  • 佛罗里达州彭萨科拉希尔顿花园酒店— 102 间客房
  • 佛罗里达州德拉海滩汉普顿酒店— 143 间客房
  • 汉普顿酒店和Home2套房 — 佛罗里达州诺纳湖 — 150 间客房(80 间汉普顿酒店 + 70 间 Home2 套房)

该开发部门代表Peachtree集团建造酒店,并通过与战略合作伙伴的合资企业建造酒店,预计将在年底前破土动工,再建造四家总价值为2亿美元的酒店。

世邦魏理仕预计,未来三年新的供应增长平均约为1%,远低于 COVID-19 疫情之前的新供应增长量,也低于未来三年2.5%的需求增长速度。

Peachtree Group投资与开发副总裁威尔·伍德沃思表示:“新酒店客房的供应增长继续受到疫情挑战的阻碍,如今由于信贷市场的混乱而受到进一步影响。”“我们认为,在可预见的将来,供应将继续受到限制,并已加大了开发渠道作为回应。”

如果实际需求增长率超过预期,则酒店市场可能面临酒店客房供应短缺。这将推动入住率的增长和房价的压缩。

伍德沃思说:“尽管整个市场存在不利因素,但Peachtree的定位良好,资本充足,可以战略性地瞄准子市场和需求细分市场,新酒店客房一旦实现,将蓬勃发展。”

关于桃树集团

Peachtree Group是一家投资公司,通过多样化的商业房地产资产和其他风险投资组合推动增长。自成立以来,该公司已经进行了数百项投资,重点是总市值接近90亿美元的房地产收购、开发和贷款。如今,Peachtree管理着超过25亿美元的股权,并辅之以旨在保护、支持和增加其投资的服务。

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Commercial Observer: Peachtree Closes $35M C-PACE Construction Loan on South Florida Apartments

Commercial Observer | Starlife Group has secured $35 million of construction financing through Peachtree Group to build a multifamily development in Hollywood, Fla.

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Image of Jared Schlosser with CAD image of a multifamily development in Hollywood, Florida

Commercial Observer (February 4, 2025) - Starlife Group has secured $35 million of construction financing to build a multifamily development in Hollywood, Fla.,Commercial Observer can first report.

Peachtree Group originated the fixed-rate Commercial Property Assessment Clean Energy (C-PACE) loan on the developer’s planned 200-unit 21 Hollywood project.

SF Capital Group’s Matt Shane arranged the transaction, which will be used to support the 13-story project’s energy efficiency, envelope enhancements and hurricane resiliency measures.

Jared Schlosser, Peachtree Group’s senior vice president, said the long-term structure of the deal was an ideal approach for the project amid a high interest rate climate, with Peachtree covering 40 percent of the cost and Starlife Group contributing 60 percent equity. The 30-year loan is non recourse outside of a completion guarantee, according to Schlosser.

 “We handled theconstruction draws just like you would on a senior construction loan and wewere even able to fund a little bit of capital at close for the project to getstarted, so it ends up being a pretty accretive alternative compared to justtaking a low-leverage bank loan,” Schlosser told CO.

 “It acts like an insurance product where it’s a construction-to-perm deal, but it doesn’t have the traditional rights and remedies and recourse that may come along with traditional long-term financing,” Schlosser added. “Here it’s just a straight annual payment, which is easier to navigate for the borrower.”

Located at 2100 N.Federal Highway, the 21 Hollywood project broke ground late last year and is slated for completion in February 2027. Community amenities will include an infinity pool, a fitness center, outdoor kitchens, co working space and a dog park. The property will also feature 9,997 square feet of ground-floor retail.

 Fort Lauderdale-based Starlife purchased the 1.48-acre site across from South Broward High School for $6.5 million in 2023, according to the South Florida Business Journal. The development was designed by Kobi Karp Architecture.

 “Conventional construction loans are hard to find these days,” Shane said. “There was significant equity brought into the project, so it made the deal easy to do with PACE.”

Officials at Starlife Group did not immediately return a request for comment.