11.05.15

PMZ Realty Capital Arranges $19 Million Loan for Holiday Inn Resort Jekyll Island

PMZ Realty Capital, LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, has arranged a $19-million-dollar 5% fixed non-recourse loan funded by the NASA Credit Union for the Holiday Inn Resort Jekyll Island, Jekyll Island, Georgia.

“This property was unique to finance since it had only a three month operating history and is situated on a ground lease,” stated Michael H. Sonnabend, Managing Member, PMZ Realty Capital. “Our client utilized the financing to pay off their high cost bridge loan and preferred equity without waiting for the property to stabilize. The lender was comfortable to make the loan based on the value created by the borrower’s gut renovation of the asset”

The 251 room resort is located right on the Atlantic Ocean and just 1.5 miles from the Jekyll Island Convention Center. The property is situated on over a quarter mile of pristine oceanfront and offers limitless activities for the entire family include multiple water and beachfront activities.

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.

Our firm currently operates over 75 hotels and restaurants in the upper midwest. When we wanted to arrange financing for eight of our limited and full service hotels in Iowa and Kansas, we started working with Peter after he was highly recommended by several of my peers. He did not disappoint us. He understood our unique local markets and secured $60 million from a national insurance company. We have since engaged his firm several other times to arrange financing for us. There is no doubt in my mind that the professionalism and knowledge of PMZ will benefit anyone looking to finance or refinance hotels.

Bruce Kinseth
Executive Vice President, Kinseth Hospitality Companies