PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today that it has closed over $40 million in recent weeks.
“Our ability to secure hospitality loans for our clients is a testament to the resilience of the hospitality sector, even amidst high-interest rates,” said Peter Berk, President, PMZ Realty Capital LLC – Hotel Finance Group. “Our industry remains vibrant and bustling with activity. There is a strong sense of optimism in the economy, anticipating the Fed lowering interest rates in September. This outlook reinforces the perception of hotels as a safer asset class for lenders, underscoring the sector’s potential for stable, long-term growth.”
Some of PMZ’s recent closings include:
- $11.3 million refinance loan of the Hilton Garden Inn Bel Air, located in Bel Air, Maryland, was funded by a bridge lender to refinance an existing loan that was coming due from a local bank. The loan was funded within 30 days of the application being signed.
- $10.8 million loan of the Hampton Inn Hammond, located in Hammond, Louisiana, funded by a debt fund that allowed the borrower to cash out additional proceeds for a new project and lower their overall cost of capital.
- $19 million loan to refinance the dual-branded Four Points and Fairfield Inn & Suites Amarillo, located in Amarillo, Texas, with a CMBS lender. The loan allowed the borrower to pay off a higher-cost bridge lender with low-cost fixed-rate debt.
PMZ Realty Capital LLC is highly regarded within the hospitality industry for its integrity, creativity, and advocacy on behalf of its clients. With over 75 years of combined experience, they are the industry experts and, as such, are frequent contributors to industry publications and conferences. The firm approaches each assignment with passion, commitment, and dedication to achieving the client’s objectives.
