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PMZ Realty Capital LLC Arranges Loan For Vision Hospitality Group

Monday, November 04, 2019
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NEW YORK, NY—PMZ Realty Capital LLC, a boutique real estate investment banking firm, completed a $12.5 million refinancing loan for the 115-key Marriott Courtyard Duluth Sugarloaf, in Duluth, Georgia on behalf of Vision Hospitality Group. PMZ Realty Capital specializes in hotel real estate investment banking nationwide, with an expertise in sourcing capital for the hospitality industry.

"PMZ Realty Capital sees historically low interest rates in the 3.5 - 4.0% range now and we strongly advise you to refinance and do it now. Vision Hospitality Group is a strong hotel operating company and they were able to lock in a 3.55% CMBS fixed loan for 10 years" said Peter Berk, President, PMZ Realty Capital LLC. “It is absolutely incredible pricing being supplied by a commercial bank."

Vision Hospitality Group developed the Marriott Courtyard Duluth Sugarloaf and it opened in 2016. The 115-key property is located next to the Infinite Energy Convention Center & Arena – 13,000 seat arena, 70,000 square feet of exhibition space in Gwinnett County. The Atlanta Regional Commission just released a report projecting that the Metro Atlanta region will add 2.9 million people by 2050 and Gwinnett County will be the most populous county in the state of Georgia.

"One of the foundations for Vision Hospitality Group’s success is our focus on optimizing the capitalization of our portfolio. PMZ Realty Capital is a trusted partner, and they understand our values and goals." commented Mitch Patel, President, Vision Hospitality Group. "To secure financing at rates as attractive as these grants us a tremendous sense of confidence as we continue to grow our portfolio, knowing that we have very supportable, long-term debt on assets that are in growing markets. It allows us to maintain our focus on growth, guest satisfaction and adherence to our core values."

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