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| Matt Crosswy |
ATLANTA, GA, Feb. 2,
2015—Stonehill Strategic Capital, LLC (“SSC”), an affiliate of Peachtree Hotel
Group II, LLC (“Peachtree Hotel Group”), today announced that it is poised to
transact $500 million in fixed rate permanent loans, floating rate bridge
loans, mezzanine debt, preferred equity and discounted note purchases during
2015.
SSC successfully closed $25 million in loans in December
2014 and an additional $65 million is under signed application scheduled to
close in January or early February 2015.
Additionally, SSC’s affiliate closed on its hotel credit
opportunity fund, Stonehill Strategic Hotel Credit Opportunity Fund, which will
provide the capital to meet SSC’s lending goals for 2015.
“We exceeded our most optimistic forecasts during 2014, our
first full year since inception, and set the stage for a very fruitful second
year and beyond," said Mat Crosswy, president of SSC.
“Adding a permanent
loan product is an important milestone in our company's growth that directly
complements the existing debt solutions we can provide our clients.
“This allows SSC to take a client through the entire life of
an asset. By all measures, 2015 looks
incredibly bright for both our company and the industry at large.”
Stonehill completed 19 transactions in 2014 totaling more
than $150 million. Stonehill deployed
capital in a variety of transactions, including bridge loans, permanent loans,
mezzanine loans and preferred equity investments.
For a complete copy of the company’s news
release, please contact:
Chris Daly, media
(703) 435-6293
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