Monday, February 2, 2015

Stonehill Strategic Capital Primed to Provide $500 Million in Hotel Financing in 2015

  
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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