Stonehill Completes 14 Transactions, Deploys $175 Million-Plus in 2018 YTD
ATLANTA--(BUSINESS WIRE)--Oct 1, 2018--Stonehill today announced that it has closed 14 transactions, totaling more than $175 million year-to-date through 2018. The company expects to close on an additional $125 million in deals by year’s end. The transactions include nine bridge loans, two note acquisitions, one preferred equity position and two permanent loan closings.
“The hotel industry continues to trend upwards, with both occupancy and ADR reaching historic highs, and forecasts predict this trajectory will continue,” said Mat Crosswy, principal, Stonehill. “This has led owners and investors to take advantage of the prevailing, favorable winds and invest in property improvements, acquisitions and ground-up development. With our team of experienced professionals, Stonehill is able to quickly provide the funding necessary to finalize deals and allow investors to make the most of their investments.”
In addition, Stonehill named Keegan Bisch vice president of originations and announced the opening of an office in Los Angeles.
“Within the past 5 years, we have provided over $1 billion in financing, and we are working to maintain or exceed that aggressive pace moving forward,” said Brent LeBlanc, SVP Stonehill. “To accommodate this growth, we are constantly evaluating new talent to improve our team. To that end, we have added industry veteran Keegan Bisch to bolster our origination team.”
Bisch Named Vice-President of Originations
In his new role, Bisch will be responsible for transaction identification, analysis and origination for Stonehill funds. Prior to joining Stonehill, he was vice president of debt & structured investments with Lowe Enterprise Investors, where he originated bridge and construction loans of $10M-$75M structured as stretch senior, mezzanine and preferred equity. He also worked for such lending organizations as New Group, LLC, GoldmanSachs Commercial Mortgage Capital and Venture West Funding. Bisch earned his Bachelor of Arts in business/economics from UC Santa Barbara.
Opens West Coast Office
Stonehill also announced plans to open a new Los Angeles office to help with its growing list of West Coast projects.
“Having a physical presence in California allows us to meet more frequently with West Coast clients and review area deals more quickly as we continue to aggressively pursue deals throughout the country,” LeBlanc noted.
Stonehill provides first mortgage, mezzanine and preferred equity financing on hotel assets across the U.S. To discuss potential hotel financing opportunities, please contact Brent LeBlanc at 713-666-2544 or email@example.com.
Stonehill is primarily focused on funding permanent loans, bridge loans, mezzanine loans and preferred equity investments backed by limited-, select-, and compact full-service hotel assets. Stonehill provides creative finance solutions for hospitality projects seeking capital to complete acquisitions, recapitalizations, refinancings, and renovations. For additional information, please visit http://www.stonehillsc.com.
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Chris Daly, media
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PUB: 10/01/2018 08:50 AM/DISC: 10/01/2018 08:50 AM