09.04.14

PMZ Realty Capital LLC Secures $11.5 Million Loan for Historic Hotels

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PMZ Realty Capital LLC, a national boutique real estate investment-banking firm focused on creating advantageous capital structures for their clients, announces today they have secured a first mortgage refinance loan of $11.5 million for four boutique hotel properties in New Orleans. The distinct French Quarter Guest Houses benefitting from the loan include the Inn on St. Peter, the Inn on St. Ann, the Inn on Ursuline and the Lamothe House and are part of the National Historic Registry. The first mortgage, five year loan was obtained for PMZ client, the KFK Group.

“This $11.5 million loan showcases the financing opportunities we can provide to our clients and the benefits of working together to obtain favorable terms. By procuring funding through us, these unique hotels will continue to serve guests and provide much-needed access to the finest attractions in the area,” said Peter Berk, President, PMZ Realty Capital-Hotel Finance Group. “We are proud to contribute to the historic legacy of New Orleans and help preserve these boutique properties.”

“We found PMZ to be a strong and able partner to help us quickly secure financing for our properties,” commented Elie Khoury, President, KFK Group. “Thanks to PMZ, we are able to move forward on growth plans that will further the success of our four hotels. This multi-unit deal is significant to revitalize and energize the properties and allow us to provide a valuable guest experience.”

The French Quarter Guest Houses consist of four distinct boutique hotel properties and have a focus on fine details. Each of the historic properties have been meticulously restored with traditional finishes including reclaimed heart of pine floors, white Carrera marble bathrooms, antique décor and local New Orleans artwork. Each building and room has individual character and charm for guests and provides a unique experience with each visit. With top quality soft goods and productivity in mind, service is also the utmost priority for staff at the French Quarter Guest Houses.

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 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 also has an extensive transaction history with other asset classes, including office, retail, self-storage, multi-family and industrial properties.

I initially called Peter and Mike several years ago when I was seeking refinancing of two of our properties in Pennsylvania. The lender we were working with at the time had changed the terms on us several times. I explained the situation to them, and they assured me that they would close at the same exact terms or better than originally quoted. Not only did they close at better terms then originally outlined, but they exhibited a sense of professionalism and integrity that every intermediary should possess. I have since worked with Peter and Mike on several other transactions, and their high level of service is consistent. I would recommend the PMZ without hesitation to anyone seeking financing.

Atul Patel
CEO, HMB Management, Allentown, PA