- Peachtree gets USCIS approval to build Homewood Suites in NC.
- The company launched its EB-5 program to fund U.S. job-creating projects.
- Its sixth EB-5 deal lifts platform capitalization past $177M.
PEACHTREE GROUP RECEIVED I-956F approval from U.S. Citizenship and Immigration Services to develop a 116-room Homewood Suites by Hilton in Sugar Mountain, North Carolina. The company originated a $28 million senior secured construction loan for the project through its EB-5 investment platform.
The project is Peachtree’s sixth EB-5 financing, bringing the platform’s total capitalization to more than $177 million, Peachtree said in a statement. The development qualifies as a Rural and High Unemployment Targeted Employment Area, supporting EB-5 capital through a lower investment threshold and is expected to generate about 538 eligible EB-5 jobs.
“We are pleased that USCIS approved the project in under four months,” said Adam Greene, Peachtree’s executive vice president of EB-5. “Peachtree’s EB-5 projects are small, simple, secured senior loans that serve developers and EB-5 investors. Our approach allows investors to move forward with projects that are fundamentally sound and underway, promote the public policy goals of the EB-5 program and give developers certainty that their projects are fully funded.”
The hotel at the base of Sugar Mountain is positioned to capture demand from year-round leisure and institutional drivers, the statement said. These include Sugar Mountain Ski Resort, Lees-McRae College, Beech Mountain Ski Resort, Grandfather Mountain State Park and Appalachian State University. The area also hosts events and festivals throughout the year that generate ongoing demand.
Upon completion, the Homewood Suites is expected to be the newest hotel in its competitive set, as most existing properties are older or farther from key demand drivers, the statement said. The hotel will offer extended-stay accommodations for leisure and business travelers near outdoor recreation and regional attractions.
Greene said hospitality remains a sector where new supply is limited relative to demand, especially in high-barrier-to-entry leisure markets.
“As capital markets reset and financing becomes more selective, we are focused on opportunities where we can structure capital solutions that not only meet today’s constraints but also position assets for long-term performance,” he said.
Atlanta-based Peachtree launched its EB-5 program in 2023 to fund U.S. job-creating developments and continues to expand as demand for alternative capital grows, the statement said. The firm is led by Principal and CEO Greg Friedman, Principal and CFO Jatin Desai and Principal Mitul Patel.
The Mortgage Bankers Association recently named Peachtree the 10th largest investor-driven commercial real estate lender in the U.S. The company deployed over $3 billion in commercial real estate credit in 2025, up 88 percent from 2024.
