PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today that it arranged over $60M in financing in the last few weeks for three separate Hilton properties.
The closed transactions include:
- $34M 5-year fixed rate loan from a mortgage REIT used to refinance existing bridge loan for Tru by Hilton Orlando Convention Center Area, in Orlando, Florida.
- $14M acquisition renovation loan from a life insurance company with a long-term sponsor client for the Hilton Garden Inn Annapolis, in Annapolis, Maryland.
- $11.3M loan from a life insurance company that allowed the sponsor to repay the debt on two crossed collateralized CMBS loans for the Hilton Garden Inn Aberdeen, in Aberdeen, Maryland.
“PMZ understands the nuances in today’s market and utilizes its relationships with multiple types of capital partners to help its clients secure their capital needs regardless of market conditions,” said Michael Sonnabend, Co-CEO, PMZ Realty Capital. “There are plenty of active lenders in the market today looking for properties with strong sponsors.”
PMZ Realty Capital LLC is highly regarded within the hospitality industry for its integrity, creativity, and advocacy on behalf of its 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.