09.12.18

PMZ Realty Capital Arranges $32 Million Loan for Hotel Portfolio

New York, NY, July 17, 2018 – PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today the closing of a $32 million fixed rate loan to refinance a three-property portfolio in Georgia.

The portfolio includes the 150-room Hyatt Place Airport North in Atlanta, Georgia, the 132-room Hampton Inn Atlanta/Norcross in Norcross, Georgia; and the 80-room Fairfield Inn & Suites in Commerce, Georgia.

“The borrower turned to PMZ as their advisor for this complex refinancing as one of the properties was less than two years old, and another was acquired a year ago,” stated Michael H. Sonnabend, Managing Member, PMZ Realty Capital. “We were able to help them secure a loan at a fixed rate below 4.85% for ten years that gave them the ability to take cash out of the deal.”

“This was a complicated deal with a lot of moving parts. We benefited from PMZ’s process, attention to detail and proactive culture,” stated Paul Patel, President, Elite Hotel Management Group, LLC. “PMZ exceeded our expectations, and we look forward to working with them again as we continue to grow our hotel portfolio.”

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 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