The credit team at Peachtree Group surpassed $1 billion in loan originations year-to-date, marking a major milestone and setting a new benchmark for the firm’s performance this early in the year. The firm anticipates that its credit team will surpass $1.75 billion in loan originations in 2024.

“While the Federal Reserve has lowered rates to provide some relief to the overall economy, the commercial real estate sector will continue to face significant headwinds over the next few years,” said Jared Schlosser, EVP, hotel lending/head, CPACE, Peachtree.

The wave of debt maturities in the trillions of dollars positions private credit lenders like Peachtree to step in and close the funding gap left by traditional capital sources.

“With conventional lenders still on the sidelines, we have seen a significant shift in capital markets with private credit lenders supporting the industry as it faces a sharp rise in debt maturities potentially approaching $1.5 trillion through 2025,” Schlosser said.

Peachtree was ranked as the seventh-largest U.S. commercial real estate investor-driven lender by the Mortgage Bankers Association in its latest loan origination rankings.

Hotels represented the largest sector and surpassed $639 million in credit transactions year-to-date, marking a 176% increase compared to the same period last year. Multifamily originations are the next most significant sector, with the two asset classes accounting for 80% of all credit transactions.

Notable credit transactions closed this year:

• $41.9 million first-mortgage loan for a Kimpton Sylvan hotel in Atlanta
• $40 million CPACE financing for an AC hotel in San Diego
• $26.4 million first-mortgage loan for a Hampton Inn in Columbus, OH

“Peachtree has built a strong financial foundation over the years, giving it the stability to support commercial real estate owners in securing the funding needed for acquisitions, recapitalizations and development projects,” Schlosser concluded.

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