PEACHTREE GROUP COMPLETED more than $2 billion in private credit transactions through September across 77 deals, setting a record. The firm is on track to reach about $2.5 billion for the year, up from 2024.
The company originated about $1.1 billion in hotel loans this year while selectively expanding into multifamily, office and industrial sectors, where market dislocation and supply constraints are creating opportunities for well-structured credit investments, Peachtree said in a statement.
Meanwhile, notable transactions included $176.5 million in Commercial Property Assessed Clean Energy financing for the Rio Hotel & Casino in Las Vegas; a $68.2 million first mortgage loan for the AC Hotel in Seattle; a $59.0 million first mortgage loan for the AC/Element Riverwalk Hotel in San Antonio; a $52.0 million first mortgage loan for the planned 270-acre Block at Elliot development in Mesa, Arizona and a $42.0 million first mortgage loan to finance the acquisition of the Atlanta Financial Center in Atlanta.
The company’s growth reflects the expanding role of private credit in commercial real estate as traditional lenders remain cautious amid tight liquidity and market volatility, Peachtree said.
“Our ability to consistently execute at a high level is a direct function of the ecosystem we’ve built over the last 18 years,” said Greg Friedman, Peachtree’s managing principal and CEO. “Our vertically integrated credit platform that spans origination, underwriting, servicing and asset management enables us to be proactive where many are reactive, delivering certainty and stronger outcomes for our borrowers and investors.”
Atlanta-based Peachtree is led by Friedman; Jatin Desai, managing principal and CFO; and Mitul Patel, principal.
Opportunities galore
Banks, which traditionally provide about half of commercial real estate lending, have tightened credit standards or withdrawn, the company said. This has created opportunities for private credit lenders like Peachtree to finance acquisitions, construction, refinancings and recapitalizations.
Michael Harper, Peachtree’s president of hotel lending, said the firm is seeing strong demand from institutional borrowers seeking certainty of execution in a disrupted lending market.
“This year’s growth underscores our ability to deliver creative capital solutions across asset classes, including hotels, multifamily, industrial, office and land," he said.
Private credit activity is expected to remain strong, driven by debt maturities, tighter bank lending, and the need to refinance or recapitalize projects approaching stabilization.
“With nearly $3 trillion in U.S. commercial real estate debt maturing by 2028, private credit lenders are positioned to enter a market in need of capital,” said Jared Schlosser, head of originations and CPACE at Peachtree. “Our ability to provide flexible capital at scale, even in complex situations, makes us a trusted partner for borrowers navigating today’s market.”
Peachtree deployed $1.6 billion in credit transactions in 2024, a 54 percent increase from 2023, making the firm one of the largest investor-driven commercial real estate lenders in the U.S., according to the Mortgage Bankers Association. It offers financing across the capital stack, including permanent loans, bridge loans, mezzanine financing, CPACE, preferred equity and triple net lease financing.
“As we continue to scale our lending platform, we remain focused on serving borrowers with creativity, certainty and speed, which have long defined Peachtree’s approach to private credit,” Schlosser said.
Peachtree recently named Lindsay Monge executive vice president of asset management for its hospitality and real estate portfolio.
