Reviving Malls: Shifting Perspectives on Retail's Potential

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.

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通过适应性再利用融资促进经济适用住房

随着城市努力应对有限的资源和城市振兴,一种越来越受关注的创新方法是适应性再利用。通过重新利用仓库、工厂和办公楼等现有结构,适应性再利用为建造经济适用房提供了可持续的解决方案。但是,为这些项目提供资金可能构成重大挑战。

随着城市努力应对有限的资源和城市振兴,一种越来越受关注的创新方法是适应性再利用。通过重新利用仓库、工厂和办公楼等现有结构,适应性再利用为建造经济适用房提供了可持续的解决方案。但是,为这些项目提供资金可能构成重大挑战。

为适应性再利用项目融资的优先事项是寻找经验丰富的贷款机构,这将增加融资过程顺利进行的机会。

与调整现有结构相关的挑战和风险可能使传统贷款人对提供融资犹豫不决。在这种情况下,像专门从事适应性再利用并有参与这些项目的往绩的替代贷款机构可以成为宝贵的资源。

Stonehill对适应性再利用所涉及的独特考虑因素有着深刻的了解,例如评估房产价值、估算装修成本和管理潜在环境或结构问题的复杂性。因此,Stonehill通常更愿意提供灵活的条款和协议,以适应适应性再利用项目的特定需求和挑战。

酒店改建为多户家庭的案例研究

斯通希尔最近资助了1,100万美元,将一座拥有195间客房的会议酒店改建为195套经济实惠的单间公寓。酒店的会议空间已过渡到居民便利设施,包括健身中心、公共洗衣设施、休息区、大型户外庭院和共享办公空间。

除了赞助商在劳动力住房方面的经验外,该商业计划书还对Stonehill具有吸引力,因为传统公寓市场强劲,该地区的人口增长也很明显。而且,一旦完成,该开发项目将以可承受的租金向市场提供新的公寓产品。

经济适用房的适应性再利用的好处

适应性再利用提供了多种好处,使其成为经济适用房开发的有吸引力的选择。

  • 成本效益:与建造新建筑相比,将现有建筑物改造为经济适用房可以显著降低开发成本。现有建筑物通常有坚实的基础、基本的基础设施和公用设施,这可以在翻修过程中节省时间和金钱。这种成本效益使适应性再利用成为经济适用住房计划的有吸引力的选择,因为它可以最大限度地利用可用资源。
  • 保护遗产:适应性再利用项目为保护和庆祝城市的建筑遗产和历史地标提供了机会。通过重新利用具有历史意义的建筑,社区可以保留其文化身份和建筑特色,同时满足对经济适用房的迫切需求。这种方法可以增强自豪感,将居民与城市的历史联系起来,并为社区的整体文化结构做出贡献。
  • 可持续的解决方案:通过适应性再利用现有结构符合可持续发展目标。它减少了对新建筑的需求,而新建筑需要额外的资源、能源和土地。适应性再利用通过重新利用和翻新现有建筑物,最大限度地减少与拆除和新建相关的废物产生和环境影响。这种方法可以提高资源效率,并有助于城市发展的整体可持续性。
  • 振兴社区:将空置或未充分利用的建筑物改造成经济适用房,有可能振兴社区。适应性再利用项目可以通过为以前被忽视的空间注入新的活力,将居民、企业和投资吸引到这些区域。这种振兴促进了经济增长,改善了社区美学,并培养了居民的自豪感和主人翁感。它还通过提供经济适用住房选择和改善社区的整体生活质量来支持社区发展。

考虑到这些好处,适应性再利用是一种多方面的方法,可以解决经济适用住房危机,促进可持续性、遗产保护和社区振兴。这是一种创新的解决方案,它利用现有资源为城市地区创造积极的社会和环境影响。

与Peachtree Group合作,为经济适用住房的适应性再利用提供融资,可以增加获得必要资金、应对流程复杂性并确保项目成功的可能性更高的机会。立即联系我讨论你的项目 dsiegel@peachtreegroup.com。

丹尼尔·西格尔是Peachtree商业房地产贷款集团的负责人兼总裁,负责监督该集团向商业房地产贷款的扩张。在加入Peachtree之前,他曾在一家大型私募股权公司的董事总经理兼高收益投资主管。在加入该公司之前,西格尔曾在里亚托资本担任收购副总裁,负责监督不良贷款收购平台。在里亚托任职期间,西格尔直接监督了利用国内和国际机会获得商业房地产贷款的收购。此外,他开发了公司的小额余额贷款收购平台,并领导了该公司的首次欧洲收购。西格尔拥有杜兰大学的金融学学士学位。

通过以下方式联系丹尼尔 dsiegel@peachtreegroup.com。

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2024 年酒店的贷款条件可能会更加确定

肖恩·麦克克拉肯在CoStar集团最近发表的文章中引述了Peachtree首席执行官格雷格·弗里德曼的话,他谈到了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、贷款机构所面临的机会。

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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Peachtree 集团贷款爆炸式增长

一波到期债务为总部位于亚特兰大的Peachtree集团的业务带来了福音。桃树集团通过其Peachtree集团信贷部门已部署了5.56亿美元的贷款和另外5.26亿美元的贷款,用于收购五家酒店并开发另外三个项目。最近的交易包括为位于阿拉巴马州亨茨维尔的一家拥有215间客房的Autograph Collection酒店提供4,800万美元的建筑贷款,为田纳西州纳什维尔拥有133间客房的Motif on Music Row酒店再融资的4,220万美元首笔抵押贷款,以及用于收购肯尼索科布购物中心市中心的4200万美元抵押贷款。

一波到期债务为总部位于亚特兰大的Peachtree集团的业务带来了福音。桃树集团通过其Peachtree集团信贷部门已部署了5.56亿美元的贷款和另外5.26亿美元的贷款,用于收购五家酒店并开发另外三个项目。最近的交易包括为位于阿拉巴马州亨茨维尔的一家拥有215间客房的Autograph Collection酒店提供4,800万美元的建筑贷款,为田纳西州纳什维尔拥有133间客房的Motif on Music Row酒店再融资的4,220万美元首笔抵押贷款,以及用于收购肯尼索科布购物中心市中心的4200万美元抵押贷款。