09.15.16

PMZ Capital Realty Arranges $5.8 Million Loan for Fairfield Inn & Suites Aiken

PMZ Realty Capital, LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, has arranged a $5,800,000 loan at a very favorable rate for the Fairfield Inn & Suites by Marriott in Aiken, South Carolina.

The 84-room and suite property is located near Hopelands Garden with convenient access to equestrian and sporting facilities as well as historic downtown Aiken. The hotel features thoughtfully designed guest rooms and suites, free Wi-Fi, and a fitness facility including a pool and exercise room.

“This loan allows the borrower to grow the company through opportunistic acquisition and development opportunities by recapitalizing the asset and allowing trapped equity to be invested elsewhere,” stated Peter Berk, President, PMZ Realty Capital. “We were able to negotiate a deal with a low interest rate in a very short timeframe.”

PMZ Realty Capital LLC is highly regarding within the hospitality industry for their integrity, creativity and advocacy on behalf of their 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.

For more information about PMZ Realty Capital LLC or to contact the firm to finance your next hotel, contact Michael Sonnabend, Managing Member, PMZ Realty Capital LLC at (212) 277-8252.

About PMZ Realty Capital LLC
PMZ Realty Capital LLC is a boutique real estate investment banking firm that operates on a nationwide basis. Their advisory services are focused and highly specialized with the singular goal of creating the most advantageous capital structure for their clients. The firm focuses on debt and equity financing, note sales, joint ventures, recapitalizations and real estate advisory services. PMZ Realty Capital LLC is a national leader in hospitality financing and also has an extensive transaction history with other asset classes, including office, retail, self-storage, multi-family and industrial properties.

When our company wanted to convert the Intercontinental Hotel on Central Park South in New York City into luxury residences, I knew who to call first. Within 30 days, Peter was able to secure an application for $110 million worth of financing. The loan included multiple layers of capital representing over 90% of the costs to complete the project. He coordinated multiple parties through the due diligence process in order to ensure a smooth closing. I have worked with Peter and Mike on several other deals as well and their service and dedication are consistently outstanding. PMZ Realty Capital is my financial intermediary of choice.

Steve Glascock
President, Anbau Enterprises