NEW YORK—PMZ Realty Capital LLC announced that it arranged over $60 million in financing in the last few weeks for three separate Hilton properties.
The closed transactions include:
- $34 million 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.
- $14 million acquisition renovation loan from a life insurance company with a long-term sponsor client for the Hilton Garden Inn Annapolis, in Annapolis, Maryland.
- $11.3 million 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.”
