09.06.17

PMZ Realty Capital Arranges $11.6 Million Acquisition Loan for Sheraton Albuquerque

PMZ Realty Capital, LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today it arranged an $11,600,000 floating rate acquisition loan for the Sheraton Albuquerque Airport Hotel located in Albuquerque, New Mexico.

The Sheraton Albuquerque Airport Hotel is the only full-service hotel located at the Albuquerque International Airport and is accessible by a marked walking path or complimentary shuttle running 24 hours a day. The property boasts views of the Sandia Mountains and Rio Grande Valley and is located near Historic Old Town, Nob Hill, University of New Mexico, ABQ Bio-Park, and several golf courses.

“This property required a significant PIP, so we had to structure the loan be funded in multiple stages to accommodate the renovation schedule,” said Peter Berk, President, PMZ Realty Capital LLC. “Our extensive relationships enabled us to find a lender offering an interest rate that was accretive to the owner’s returns. The transaction was able to close within a 40-day timeframe.”

The 276-room hotel features complimentary Wi-Fi for SPG members, fitness center, business center, Sheraton Club, and seasonal outdoor pool along with the ROJO Grill Lounge, a New Mexico-inspired cuisine with unique flavors, native ingredients, and some traditional favorites. The property has 12,000 square feet of flexible meeting including ten meeting rooms and state-of the art audiovisual equipment to host any group ranging from 5 – 400 people.

PMZ Realty Capital LLC is highly regarded 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 Peter Berk, President, PMZ Realty Capital LLC at (212) 277-8265.

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 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