- Slice of Real Estate
- Posts
- Peachtree Group Surpasses $1 Billion in Loan Originations YTD, Targets $1.75 Billion in 2024
Peachtree Group Surpasses $1 Billion in Loan Originations YTD, Targets $1.75 Billion in 2024
Slice of Real Estate Team
October 21, 2024
Key Highlights:
Peachtree Group surpasses $1 billion in loan originations year-to-date.
Anticipates $1.75 billion in loan originations for 2024.
Hotels and multifamily sectors account for 80% of credit transactions.
Key transactions: $47M loan for multifamily in Bradenton, FL, and $41.9M loan for Kimpton Sylvan hotel in Atlanta.
Private credit lenders like Peachtree are stepping up as conventional lenders remain cautious.
Source: Business Wire
Notable Quote:
“With conventional lenders still on the sidelines, we have seen a significant shift in capital markets with private credit lenders supporting the industry as it faces a sharp rise in debt maturities potentially approaching $1.5 trillion through 2025. Peachtree has built a strong financial foundation over the years, giving it the stability to support commercial real estate owners in securing the funding needed for acquisitions, recapitalizations and development projects.”
Our Take:
Peachtree Group's milestone of surpassing $1 billion in loan originations year-to-date is a testament to the growing significance of private credit lenders in today’s capital markets. With conventional lenders still exercising caution, private credit lenders like Peachtree are stepping in to fill a critical funding gap, especially as the commercial real estate industry faces significant headwinds. Their focus on high-demand sectors like hotels and multifamily properties positions them strategically to capitalize on market opportunities amid evolving economic conditions. This shift, coupled with Peachtree's diversified financing solutions, will likely continue driving their impressive growth in 2024.