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| Anne Hill |
ATLANTA, GA, Aug. 12, 2019—Stonehill today announced that it
now provides Property Assessed Clean Energy (PACE) lending.
The company also named Anne Hill
president and Connor Murch director of business development.
Together they will head up the newly formed Stonehill PACE division.
“Anne and Connor have unparalleled reputations as some of
the leading providers of gap financing for construction projects, and their
knowledge of PACE lending is second to none,” said Mat Crosswy,
principal, Stonehill.
“They are the ideal candidates as we further
expand our lending capabilities. For the first time, we will offer these
services to all asset classes, not just to the hospitality industry.
"We
will target new construction projects, including hotels, multi-family, senior
living and student housing, looking for a low-cost alternative to mezzanine
financing.”
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| Connor Murch |
In her new role as president of Stonehill PACE, Hill will be actively involved
in sourcing and underwriting opportunities and building partnerships with
construction lenders nationwide.
Prior to Stonehill, Hill was president of
RAHILL Capital, the nation’s leading originator of CPACE transactions for new
construction. She also was senior vice president of corporate development
at Murphy Company, one of the largest commercial mechanical contractors and
engineers in the nation.
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| Matthew (Mat) Crosswy |
Hill earned her bachelor’s degree in
architecture from Princeton University and her MBA from the Stanford Graduate
School of Business.
As director of business development, Murch will identify and prequalify
opportunities for PACE financing, as well as work with developers to structure
PACE to fit with the other components of the capital stack.
Previously,
he was senior finance manager with RAHILL Capital. During his tenure
there, he worked with Hill and the rest of the RAHILL team to source and close
more than $85 million in CPACE loans.
Prior to that, he served as principal at
Conquest Strategies, a commercial real estate/tech start-up consultancy.
Also, he was principal and financial manager at Revival STL Construction, where
he sourced financing for more than $100 million in acquisitions.
Murch
received his BSBA in finance & real estate from the University of
Missouri-Columbia.
“Mat and
the rest of the Stonehill team have put together an excellent platform to
provide various levels of financing for the hospitality industry, and adding a
PACE division allows the company to grow beyond its hospitality roots,” Hill
noted.
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| Brent LeBlanc |
“We now
offer a turnkey solution to developers looking for additional funds to complete
their projects on time and on budget.”
“PACE funding is available for most projects that adhere to
local ordinances without having to rework design plans,” Murch added.
“It’s a cost-efficient solution we believe will be attractive to many
developers.”
To discuss potential
hotel financing opportunities, please contact Brent LeBlanc
at 713-666-2544 or bleblanc@stonehillsc.com.
Contact:
Chris
Daly, media
(703) 435-6293
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