PMZ Realty Capital Arranges $17.5 Million Financing for Residence Inn by Marriott Augusta


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 a $17.5 million refinance loan for the Residence Inn by Marriott Augusta in Augusta, Georgia.

The 124-suite Residence Inn by Marriott Augusta is located minutes away from the Riverwalk Augusta, offering pedestrian access to magnificent scenery overlooking the river. The Phinzy Swam Nature Park, Southeastern Natural Sciences, Gertrude Herbert Institute of Art, and Sacred Heart Cultural Center are all a short drive away for guests to explore. The property is less than five miles from Daniel Field Private Airport and 13 miles from Augusta Regional Airport. Georgia’s second oldest city is known worldwide for the Masters, and golfers will find several beautiful courses in the area.

“The strength of the Augusta market and the sponsorship, allowed the ownership group to secure a long-term fixed rate loan with only two years of operating history. Ownership used the proceeds of the loan to refinance the asset and was able to receive a significant part of the investment back to reinvest in other projects,” said Peter Berk, President, PMZ Realty Capital LLC. “Our experience and knowledge of previously working with this ownership group multiple times allowed us to close the loan within a 30-day time frame.”

“PMZ brought us multiple financing quotes and helped us select the one most advantageous to the ownership group,” said Danny Patel, former chairman of AAHOA and partner in the property. “They helped us navigate the closing process flawlessly.”

The hotel features a 483 square feet meeting room, complimentary Wi-Fi and breakfast, and a fitness center with indoor pool.

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.

I have worked with PMZ for over 10 years and during that time have had nothing but positive experiences.  They deliver at closing exactly what they promised at the beginning of the project.  PMZ has helped Sun Companies secure over $150 million in financing for such brands as Hilton, Marriott, and IHG.  Their business is relationship-based, therefore, they are the perfect partners for us and essential to our company’s growth.

Bharat Patel
Chairman & CEO, Sun Development Company